Marchionne’s shock exit
BY NEIL DOWLING AND TUNG NGUYEN | 23rd Jul 2018
- Poor health has forced Fiat Chrysler Automobiles (FCA) chief executive officer Sergio Marchionne to retire over the weekend, with Jeep and Ram head Mike Manley stepping up to lead the car-making conglomerate.
- Mr Marchionne, aged 66, is in a Zurich hospital where his condition is described as “gravely ill” after an operation on his shoulder in June resulted in complications. Neither FCA nor associates have announced the exact cause of his illness.
