Jeep exec takes over Fiat, marking end of Marchionne era

Jeep exec takes over Fiat, marking end of Marchionne era

6 years ago
Anonymous $hM_jrxqbr-

https://apnews.com/cc82c855f1464553ae34b69830f382a8

ROME (AP) — Jeep executive Mike Manley will be the new CEO of Fiat Chrysler Automobiles after longtime leader Sergio Marchionne's health suddenly deteriorated following surgery.

The announcement after an emergency board meeting Saturday marked the end of the Marchionne era, which included the turnaround of failing Fiat, the takeover of bankrupt U.S. automaker Chrysler and the spinoffs of the heavy machinery and truck maker CNH and supercar maker Ferrari. Fiat Chrysler said Marchionne, 66, "will be unable to return to work" due to his health.