[ad_1]
DETROIT-Fiat Chrysler Automobiles NV to Appoint New General Manager Saturday in Unexpected Motion to Replace Patient
Sergio Marchionne,
who designed the Fiat and Chrysler merger and led the combined company for almost a decade, according to a person familiar with the automaker's plans.
Fiat Chrysler's board met in Italy on Saturday to appoint a successor to Mr. Marchionne, who underwent an undisclosed surgical procedure earlier this month, said the person familiar with the plans of the company. # 39; company.
The Italian-American car manufacturer did not specify the nature of Mr. Marchionne's illness, but said earlier this month that he had undergone an operation on the right shoulder. Company representatives said privately that he was missing his daily role in the company for weeks.
million. Marchionne, 66, said he was considering resigning his CEO position early next year, while continuing to hold the position of President and CEO of Ferrari NV, a subsidiary of Fiat Chrysler. the search for his successor at Fiat Chrysler would be limited to internal candidates.
His accelerated departure comes a month after Marchionne announced that Fiat Chrysler had repaid its debt and unveiled a strategic plan until 2022 to increase sales volume and profitability of the company .
Write to Chester Dawson at [email protected]
Source link
