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Fiat Chrysler Automobiles announced Saturday that it had appointed a successor to its managing director, Sergio Marchionne, who will resign prematurely following a recent surgery at the shoulder
. Marchionne was scheduled to retire in 2019, but his departure was sped up by complications of shoulder surgery on July 5th. "During this week, unexpected complications have occurred," the company said in a statement. recent hours. As a result, Mr. Marchionne will be unable to return to work.
The company said that it named Mike Manley, 54, world leader of the Jeep and Ram truck brands, as the new CEO of Fiat Chrysler. Mr. Manley hails from Britain and joined DaimlerChrysler in 2000 while he was still part of the German automaker. He took over the Jeep brand in 2011 and added the Ram brand in 2015.
One of the most prominent leaders in the global automotive industry, Marchionne, 66, has been driving Fiat since 2004 and led the acquisition of Chrysler after the bankruptcy of the American automaker in 2009.
M. Marchionne is also the managing director of Ferrari, the luxury sports car maker that was once part of Fiat. The Fiat Chrysler and Ferrari boards met Saturday in Italy to choose the new managing director
Marchionne's unexpected death was reported for the first time by Bloomberg
Born in Italy and raised in Canada, Mr. Marchionne studied accounting and legal and ran a Swiss trading company when the Agnelli family asked him to turn around Fiat. He became known as a Taskmaster smoking chain who often worked seven days a week, and finally took to wear only black jeans and black sweaters.
In recent years, he has been trying to pair Fiat Chrysler with a partner. In 2015, he publicly proposed a merger with General Motors but was rejected. He also explored the possibility of aligning with a Chinese automaker.
Under his leadership, Fiat Chrysler recorded steady profits, thanks to the company's Chrysler half, and growing sales of high-margin jeeps around the world. Ram trucks in the United States. Offers to reintroduce the Fiat and Alfa Romeo brands into the US market were considered as flops.
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