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Fiat Chrysler Automobiles is expected Saturday to appoint a successor to its managing director, Sergio Marchionne, who will leave prematurely as a result of the complications of the recent shoulder surgery, said a person familiar with the situation. case. Mr. Marchionne, 66, chief executive of the global automotive industry, has led Fiat since 2004 and led the Chrysler acquisition following the collapse of the US automaker in 2009. He was due to retire in 2019, although the company has not yet named a successor.
Marchionne is also the managing director of Ferrari, the luxury sports car maker that was once part of Fiat. The Fiat Chrysler and Ferrari boards of directors were to meet in Italy on Saturday to choose new leaders, said the person who spoke under the guise of anonymity because the change did not happen. not yet officially announced.
Bloomberg
Born in Italy and raised in Canada, Mr. Marchionne studied accounting and law and headed a Swiss trading company when the Agnelli family asked him to turn around Fiat. He became known as a Taskmaster smoking chain who often worked seven days a week, and finally took to wear only black jeans and black sweaters.
In recent years, he has tried to pair Fiat Chrysler with a partner. In 2015, he publicly proposed a merger with General Motors but was rejected. He also explored the possibility of alignment with a Chinese automaker.
Under his leadership, Fiat Chrysler recorded steady profits, thanks to Chrysler's half of the company and growing sales of high-margin Jeeps around the world. Ram trucks in the United States. Offers to reintroduce the Fiat and Alfa Romeo brands into the US market were considered as flops.
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