Fiat Chrysler Names New CEO

With the health of CEO Sergio Marchionne unexpectedly declining after shoulder surgery, Fiat Chrysler Automobiles (FCA) has named Mike Manley as CEO. Manley is the man behind the extraordinary success of the Jeep brand’s global expansion, according to Fortune magazine.

During a meeting last week, FCA board of directors “firstly expressed its closeness to Sergio Marchionne and his family and underlined the extraordinary contribution, both human and professional, that he has made to the company in these years,” according to a statement by the company. “The board resolved to accelerate the CEO transition process that has been proceeding over the past months and named Mike Manley as CEO.

“Mr. Manley and his management team will proceed with the implementation of the 2018-2022 Business Plan as presented on June 1 of this year, a plan that will further assure FCA’s strong and independent future.”