BREAKING NEWS

BREAKING NEWS

Fiat Chrysler to name Jeep's Manley to replace Marchionne as CEO - source

Now Reading:

Fiat Chrysler to name Jeep's Manley to replace Marchionne as CEO - source

Fiat Chrysler to name Jeep's Manley to replace Marchionne as CEO - source
© Copyright :
Jonathan Ernst(Reuters)
Text size Aa Aa

MILAN (Reuters) - Fiat Chrysler <FCHA.MI> (FCA) has named Mike Manley, the head of the carmaker's profit engine Jeep, as its new chief executive, replacing Sergio Marchionne who had to step down after serious complications from surgery, a source close to the matter said.

Manley's appointment was first reported by Automotive News.

The boards of FCA and sportscar maker Ferrari <RACE.MI>, where Marchionne is both chairman and CEO, were meeting on Saturday to discuss succession, two other sources had said.

Another sister company, truck and tractor maker CNH Industrial <CNHI.MI>, which is also chaired by Marchionne, also met on Saturday, the two sources said. [nL8N1UH03N]

(Reporting by Agnieszka Flak; Editing by Mark Bendeich)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.