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The long-time leader of the Fiat Group and later the new largest group of FCA, Sergio Marchionne, was deprived of the managing director of Fiat Chrysler Automobiles. He was also elected his successor in a separate Ferrari brand, which he also controlled.
Sergio Marchionne was deprived of office by the right council with immediate effect. The reason for the sudden withdrawal was a severely deteriorated Marchionne's health. According to current reports, there were complications after the operation, which would not allow the director to return to the office. He was immediately summoned yesterday for the board of directors to decide the successor. It's become the leader of the successful Jeep brand, Mike Manley. His appointment is temporary. Later, however, the vote on his admission to the board of directors will take place so that he can assume the new tasks in their entirety and according to the rules.
Ferrari rejoices after Marchionn received John Elkann as chairman of the board of directors. The general manager of Ferrari should call Louis C. Camilleri. He was previously chief of Philip Morris International .
The status of Sergio Marchionne is very serious, according to the board members and the head of the investment group Exor, who is at the FCA. John Elkann, the head of Exorus and the family of Agnelli's family behind Fiat, said that he was very angry with Sergio Marchionne's health report. He said that the whole society comes to an enlightened leader with unusual intelligence. He has also named Marchionne as his mentor and his true friend. "It has been a great privilege to have him at his side for all these years," Elkann said. They worked together for about 14 years.
Sergio Marchionne is one of the most famous figures of the automotive industry. For many years, Fiat led the conglomerate, and it was he who persuaded US government officials and shareholders to allow the Chrysler Group merged with Fiat, financially undernourished. Through this merger, one of the largest groupings in the world has emerged. Thanks to the merger, the new group has acquired new opportunities to finance its own operations. Both companies emerged from the global financial crisis, although it was not without loss.
Marchionne also represented the return of Fiat to the United States and the separation of Ferrari from the group. His job at the helm of a large company was not always associated with success. Almost legendary are his five-year megalomaniacal plans, which have never been fully realized. Whenever it was clear that the companies were not able to realize their plans, they found the new, even more difficult and more tempting. Similarly, the brand Alfa Romeo, whose revival has been postponed, is similar.
Marchionnem's critics have read about the death of Lancia or Dodge, as well as a number of inconceivable solutions, for example, in an extremely extreme sharing of models and brands. His attempt to connect with other car manufacturers, for example with General Motors, is well known. Recently, there have been many rumors about the merger with the Korean company Hyundai, with which FCA has developed in the past a cooperation especially in the field of hybrid technology. Marchionne announced his retirement next year. From then on, he was speculated as his successor, so he wanted to join his departure with a lot – just with the merger with the Koreans.
It's about knowing how the new boss will continue and whether the reports on the planned merger are entirely true. The fact is that the appointment of Mike Manley as General Manager is mostly positive in the early hours. After all, Mike Manley is behind the jewel in the crown – behind the Jeep brand. The Jeep took over in 2009, becoming the director of the new RAM brand in 2015.
The Jeep was thriving for its government and was introducing a full line of new models with strong commercial success. Last time, for example, the Wrangler model was for the media. It is also expected to get a hybrid version in 2020 – not only for emissions, but also to improve capacity because of the potential of electrification.
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