Sergio Marchionne resigned as head of Fiat Chrysler Automobiles and Ferrari

Sergio Marchionne resigned as head of Fiat Chrysler Automobiles and Ferrari

July 23, 2018 0 By autotimesnews

As reported in the official press release of the concern, in recent months, Marchionne was experiencing health problems that worsened after the operation, and this forced him to leave his post. He led Fiat since 2004, and in 2009 gave a “green light” deal with the US automobile company Chrysler, which declared itself bankrupt in those days, after which the concern was formed Fiat Chrysler Automobiles.

With deep sorrow, Fiat Chrysler Automobiles N.V. reports that this week suddenly there were complications in the process of restoring Mr. Marchionne after the operation, and in the last few hours his condition significantly worsened. As a consequence, Mr. Marchionne will not be able to return to work. The Board of Directors with his thoughts with Sergio Marchionne and his family, he expresses his gratitude to him for his incredible contribution for the work done in recent years for the benefit of Ferrari.

Also in the press release it is reported that the powers of Marchionne were urgently transferred to Mike Manley – the ex-head of Jeep, the president of Ferrari appointed 42-year-old John Elkann, who is the representative of the family of Agnelli, in the next few days the post of executive director of the brand will be offered 63-year-old Luis Carrey Camilleri, who now heads the tobacco company Philip Morris.

By the way, this news is not surprising: rumors that Sergio Marchionne has developed a new five-year plan, which will be presented after his departure, appeared this year more than once. It was also reported that the concern could liquidate the Chrysler brand, although later this information was disproved, although it was reported that Chrysler will be aimed at the stand-alone family models that will be used by Waymo.