EventsEventsPodcasts
Loader
Find Us
ADVERTISEMENT

Marchionne replaced as head of carmaker Fiat Chrysler

Marchionne replaced as head of carmaker Fiat Chrysler
Copyright 
By Euronews
Published on
Share this articleComments
Share this articleClose Button

The chief of the company's jeep division Mike Manley will take over

ADVERTISEMENT

Sergio Marchionne is to step down as head of global carmaker Fiat Chrysler to be replaced by the chief of the company's jeep division Mike Manley.

Louis Camilleri takes over from Marchionne as chief executive of luxury sports brand Ferrari.

The move comes after 66-year-old Marchione suffered serious complications from an operation on his shoulder earlier this month.

Fiat Chrysler say British-born Manley will continue with the strategy outlined by Marchionne last month which will assure the company's "strong and independent future".

Marchionne is credited with rescuing Fiat and Chrysler from bankruptcy since taking the wheel at the Italian carmaker in 2004.

He had been due to step down from the combined group next April.

Share this articleComments

You might also like

Former Fiat Chrysler chief executive Sergio Marchionne has died

'No logo': Beef between Italian government and Fiat 500 maker turns personal

Under pressure from Berlin, the EU relaxes its ban on combustion engines after 2035