[ad_1]
The board of FCA, Ferrari and CNH Industrial was called for urgent reasons today. According to rumors reported by the Automotive News website and by Blooomberg in question, there would be the estate node of Sergio Marchionne, considering the lengthening of the hospital stay after the surgery. Marchionne who is 66 years old, said he wants to retire in 2019. According to Bloomberg Fiat Chrysler said that replace it will be an extension of Fca and the "pole" there is the financial director Richard Palmer, the European leader Alfredo Altavilla and the head of the brands Jeep and Ram, Mike Manley . [19659004] A premature farewell to Marchionne could be a blow to Fiat Chrysler . The CEO rescued Fiat from potential collapse more than a decade ago and later led the acquisition of Chrysler that would likely not receive support from the US government after the bankruptcy of 2009 without the involvement of the Italian partner
Fiat Chrysler and Ferrari share a controlling shareholder: Exor NV, holding company of John Elkann controlling also CNH Industrial NV, manufacturer of trucks and tractors of which Marchionne is president
The board of directors of CNH Industrial should also appoint a alternate for Marchionne while Ferrari will appoint Louis Camilleri member of the board of directors and former chairman of Philip Morris International Inc .
The Italian-American automobile company will present the accounts of the second quarter on July 25. It will probably be Palmer – considered by some investors as the main candidate – to do it.
Analysts at Wall Street were already complaining about the prospect of Marchionne being released earlier this year. Adam Jonah of Morgan Stanley had begged him to stay at least until 2020. From the scene for a month for a delicate operation, Marchionne according to Dagospia could be replaced at the head of the FCA, by Vittorio Colao, former head of the global Vodafone, who spoke more than once with Elkann
The latest public statement, reminds Letter43 is dated June 26, 2018 in Rome at the ceremony of surrender to the carabinieri of a Jeep Wrangler. In 1965, the director appeared very tired in his movements and in his speech. After this event – in which Marchionne argued for openly supporting Donald Trump's policy on homework on cars – there was no more news of him. According to rumors, he is now in a clinic in Switzerland, where he underwent a delicate surgery. A CFA spokesperson, who was interviewed about this, said Marchionne had operated on his right shoulder and was recovering
If you have any corrections, suggestions, or comments write to [email protected]
[ad_2]
Source link
