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Fiat Chrysler Automobiles President (FCA) John Elkann wrote a letter to employees of the group reporting "with deep sadness" the departure of CEO Sergio Marchionne, replaced by Mike Manley due to health problems. Marchionne, who had been running the company since 2004, underwent a shoulder operation in late June in Zurich, Switzerland, but postoperative complications prevented him from returning to work.
"It is with profound sadness that I must inform you that the terms of our CEO Sergio Marchionne, who has recently undergone surgery, have worsened over the last few hours and will not allow him to return to FCA, "said Elkann.
The company, however, gave no further details about the health of the executive or what brought him to the hospital. "Over the last 14 years, first at Fiat, then at Chrysler and finally at FCA, Sergio was the best CEO you could wish for and, for me, a true mentor, a colleague and a dear friend," said the group chairman, who is the great-grandfather of Fiat's founder, Giovanni Agnelli.
Elkann recalled that Marchionne had taken over the automaker in one of the most difficult times in its history, but managed to pull it out of the crisis and successfully merge with Chrysler, giving birth to the FCA . "It's thanks to your perseverance and your leadership that we have been able to save the company."
In the letter, the executive still asks for employee support for new CEO Mike Manley, who was responsible for the Jeep brand, the main bet of the FCA. "I'm sure you, all of you, will support Mike the most by working with him and the team to achieve the goals of the 2018-2022 industrial plan with the same commitment and integrity that guided us all the way to the future. Here, "he said. In addition to Fiat Chrysler, Marchionne is stepping down as CEO and President of Ferrari, replaced by Louis Carey Camilleri and John Elkann respectively, and president of CNH Industrial, supported by Suzanne Heywood. Both companies are controlled by the Agnelli family. (F, b, e, v, n, t, s) {if (f.fbq) returns: n = f.fbq = function () {n. callMethod?
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