[ad_1]
He will take up the torch. Mike Manley, CEO of Jeep, was appointed Saturday Managing Director of Fiat Chrysler (FCA), replacing the emblematic boss Sergio Marchionne, who leaves after 14 years for health reasons, report the Italian media. Contacted by AFP, FCA did not confirm the information immediately
This discreet 54-year-old Briton, born in Edenbridge, took the helm of Jeep in 2009, in a storm in the automotive sector American. Since 2015, he also runs the Ram, which produces pick-ups and vans. Both builders are considered FCA jewels. According to Morgan Stanley, Jeep alone is expected to account for nearly 70% of the group's profits this year.
Health problems
Under the leadership of Mr. Manley, the US manufacturer has grown from 337,000 vehicles sold in 2008, 80% in North America, close to 1.4 million in 2017, and target 1.9 million this year. "Premium" brands, Jeep in mind, are also the priority of FCA's five-year strategic plan, presented at the beginning of June by Sergio Marchionne, with the development of hybrid and electric vehicles.
M. Marchionne had planned to cede the reins of the group in 2019 and he had already announced that it would be a man chosen internally. But health problems of the Italian-Canadian boss with the famous sweaters and black polos forced to accelerate the calendar. Mr. Marchionne was operated on at the beginning of July, officially on the right shoulder. According to the Italian media, he is still hospitalized
(with AFP)
[ad_2]
Source link
