By Reuters
Published on
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.
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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)
