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After shoulder surgery, there were unexpected complications that had worsened considerably in the last few hours, Fiat told Chrysler on Saturday. The 66-year-old man could not resume his job as president and CEO of the Ferrari girl, according to a Ferrari statement
The Fiat Chrysler executive now Mike Manley, who since many years at the direction of the automaker and was previously responsible for the Jeep brand. The new president of Ferrari will be John Elkann, a member of the Agnelli family and president of Fiat. At the Ferrari General Manager, the Supervisory Board appointed Louis C. Camilleri, who previously held positions of responsibility at Philip Morris Tobacco.
Since Friday, rumors have circulated about the health of Italian-Canadian lawyers looking for a successor. are. "I am deeply saddened to learn about Sergio's health," explained Elkann. "It's a situation that would have been unthinkable for a few years, leaving us all with a sense of unfairness."
Marchionne did not want to give up his position at Fiat Chrysler until 2019, as his roles at Ferrari were similar to unknown plans.
Marchionne moved to Fiat in 2004, while the company was about to collapse. Ten years later, he led the recovery of his American competitor Chrysler. Since the merger in the fall of 2014, the value of the stock has increased by almost 350% – and therefore more than any other company in the sector. Marchionne's also focused on niche brands.
At the end of his career within the Group, Marchionne reached his last major goal and announced the end of the company's debt for the end of June. Its recently introduced strategy for the next five years includes a focus on the Alfa Romeo, Maserati, Ram and Jeep brands especially
at Marchionne at Fiat Chrysler also allegations were made that the automaker also cheated on the emissions. The corresponding allegations were not only in the United States, but also in Germany. The manufacturer has always rejected it.
(AWP)
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