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

Jeep CEO Mike Manley introduces the 2019 Jeep Cherokee at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst - Copyright Jonathan Ernst(Reuters)

By Reuters

Published on 21/07/2018 - 18:34•Updated 19/04/2024 - 20:23

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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)

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