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Sergio Marchionne has retired from the management of Fiat Chrysler Automobiles. The Italian succeeds former CEO Jeep, Mike Manley. Marchionne's state of health is what led to the radical decision of the FCA leadership.
FCA's new interim manager, Mike Manley, is in charge of Jeep in 2009 and decides on the fate of RAM 2015. Following a shareholder meeting that could be called this week, Manley could finally get Marchionne's job .
Ferrari also announced that the businessman would not return to the supercar company. Ferrari, where he was president and CEO, is Louis Camillieri, director of the former Philip Morris International (picked up by the Altria group) and close to Formula 1 team boss Maurizio Arrivabene.
following an emergency meeting come after serious health problems encountered by Sergio Marchionne. At the age of 66, Marchionne underwent a shoulder surgery last week, but later, "unexpected complications" led to major changes in the FCA's leadership. His condition has deteriorated from hour to hour, and Marchionne will not be able to return to work, according to the automaker. Marchionne plans to retire in 2019, but his precarious health has hastened.
Exor's board of directors, the company holding the majority stake in Fiat Chrysler Automobiles and the Juventus Torino football club, John Elkann, that he is "deeply distressed by the health of Sergio ". The statement makes it clear that things are not very simple. "The situation was unimaginable a few hours ago, and this gives us a sense of unfairness," says Elkann, who says he sees Marchionne as a "mentor, true friend, and enlightened leader with a intelligence out of place ".
FCAFerrariFiat Chrysler AutomobilesJohn ElkannmarchionneSergio Marchionne
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