Sergio Marchionne leaves. Enter Mike Manley

After 14 years Marchionne leaves the post of managing director of FCA. John Elkann, president of Fiat Chrysler Automobiles, has appointed Mike Manley instead
Sergio Marchionne leaves. Enter Mike Manley
21 July 23:00 2018 Print This Article

The conditions of Sergio Marchionne, after the surgery on the right shoulder at the University Hospital of Zurich, are still critical and John Elkann urgently convened at Lingotto (historic Fiat headquarters) in Turin, this afternoon, an extraordinary board to name his successor. Mike Manley was appointed in his place. Manley, 54, born in the UK, is currently the CEO of the Jeep brand. In these hours, the boards of directors – called by emergency – of Ferrari and CNH industrial are also in progress. The new CEO for Ferrari should be Louis Carey Camilleri while the office of president should be held by John Elkann. Both positions were currently held by the same Marchionne (who had never announced the intention to leave his roles in Ferrari).

Print this entry

view more articles

About Article Author