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Marchionne’s shock exit

Exit strategy: Despite the sudden departure of Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne due to ill health, the car-making giant has already announced Jeep and Ram head Mike Manley as his successor.

FCA shuffles the board as company creator ‘gravely ill’ in Swiss hospital

Fiat logo23 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.



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