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Mike Manley new top man
Topman Sergio Marchionne of Fiat Chrysler Automobiles (FCA) is gone. Health problems make it necessary to transfer the bar early. The new FCA leader is Mike Manley, former Jeep boss
Fiat Chrysler Automobiles replaced Sergio Marchionne (66) with Mike Manley (right on the photo). Complications after an operation on his shoulder severely damaged his health to stay. His duties are assumed by the head of the Jeep and the Ram, Mike Manley, a 54-year-old Briton
Marchionne was head of the Fiat group since 2004, at a time when the group was doing very poorly. Fiat's market share in its own country has dropped from fifty to less than thirty percent in ten years. Marchionne has managed to reverse the trend. In 2007, just before the recession, black numbers were again written in Turin. By streamlining management and optimizing production processes, the Italian charismatic has made the company even healthier. The merger of Fiat and Chrysler was also led by Marchionne. The authoritarian way in which the little Italian rushed to Detroit and told Americans how to do business from now on, has not always been well received. But a cautious recovery by Chrysler can be attributed to Marchionne
Marchionne would retire next year. Manley will continue the implementation of the 2018-2022 business plan presented earlier this year, according to the FCA in a statement earlier today
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