Staff: surprising change of personnel at car manufacturers Fiat-Chrysler and Ferrari

News1 (AFP – Journal)

Personal Data Surprising Personnel Change in Fiat-Chrysler and Ferrari Motor Companies

Successor of a serious patient Chief Marchionne in emergency meeting [19659011] D he carmaker Fiat Chrysler and Ferrari surprisingly replace their boss Sergio Marchionne. Due to serious health problems at Fiat-Chrysler's (FCA) 66-year-old former Chrysler Jeep brand leader, the British Mike Manley, 54, said Saturday after a crisis meeting.

Marchionne's managing director at the Italian luxury car manufacturer Ferrari is divided: the CEO is Louis Carey Camilleri, who previously ran the tobacco company Philip Morris. The President becomes John Elkann, grandson of Fiat's former CEO, Gianni Agnelli

At CNH Industrial, controlled as Fiat-Chrysler and Ferrari by the Italian industrial family Agnelli, the British Suzanne Wood was named new patroness. The supervisory boards of the three companies had made the staff decisions during a crisis meeting on Saturday afternoon.

Fiat-Chryler explained that the company had received "with deep pain" the news of "unexpected complications" after an operation. it's badly deteriorated in the last few hours. "" As a result, Mr. Marchionne can not resume his work, "he said.

Marchionne had undergone an operation in June, according to official information, It was the intervention on the right shoulder. "Last public appearance, it was June 27. The Italo-Canadian manager, who had been leading Fiat since 2004, did not want to leave FCA before the start. next year

Marchionne had fundamentally rebuilt the Fiat Group during his 14 years at the helm, leading the merger with the American automaker Chrysler in 2009. In early March, Marchionne presented a strategy for the years 2018 to 2022, which also includes the development of electric and hybrid cars.

Automotive expert IHS consulting firm Markit, Stephanie Brinley, said that Fiat-Chrysler has long been looking for a successor to Marchionne and that the new FCA boss, Manley, was involved in the preparation of the current five-year plan. In addition, Fiat-Chrysler is doing well economically: in 2017, the company recorded record results and reduced its debt to zero, after reaching 7.7 billion euros at the end of 2014. [19659012] The luxury Ferrari brand had increased its sales by ten percent in 2017 to 3,417 billion euros and its profits by 34 percent to 537 million euros. [ad_2]
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