FCA Names New CEO As Sergio Marchionne’s Condition Worsens - Dodge Nitro Forum
Dodge Nitro News This section contains news related to the Dodge Nitro and Dodge Nitro SRT (concept) - It also contains site related news, so be sure to check this section often. Only Administrators may start topics in this section.

 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 07-23-2018, 01:55 PM Thread Starter
Super Moderator
 
rickaren's Avatar
 
Join Date: Nov 2006
Location: Indiana
Posts: 22,744
Garage
FCA Names New CEO As Sergio Marchionne’s Condition Worsens

FCA Names New CEO As Sergio Marchionne’s Condition Worsens

Sergio Marchionne Built Fiat Chrysler In His Own Unconventional Way



Fiat Chrysler CEO Sergio Marchionne has been replaced with former Jeep and Ram brand boss Mike Manley after the Italian-Canadian businessman’s health worsened in hospital over the weekend.

Marchionne was recovering from shoulder surgery when his condition began to deteriorate, with Italian publication La Stampa calling Marchionne’s situation “grave” and “irreversible.” A separate Italian publication, La Repubblica, reported the Ferrari chairman had been in a coma over the weekend and that doctors at the Zurich hospital had progressively tried to take him off the ventilator to no success.

“With reference to the health of Sergio Marchionne, Fiat Chrysler Automobiles communicates with profound sorrow that during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours,” the automaker said in a statement.

“As a consequence, Mr. Marchionne will be unable to return to work.”

“In the meantime, in order to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Mr. Manley all the powers of CEO,” the statement said. “He will also assume responsibility for the NAFTA region.”

Marchionne is hailed for helping to save Fiat and make Fiat Chrysler a profitable company. John Elkann, president of FCA and a friend of Marchionne’s, praised the executive’s leadership ability in a pre-prepared statement.

“For many, Sergio has been an enlightened leader, an incomparable point of reference: for me he was a person to talk with and trust, a mentor and above all a friend,” Elkann said.

“I am deeply saddened by the conditions of Sergio,” he added “it is a situation unthinkable until a few hours ago, which leaves everyone with a sense of injustice, my first thought goes to Sergio and his family”.

FCA says 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.”


AutoGuide.com

Rick

Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links
Advertisement
 
Reply

  Dodge Nitro Forum > Dodge Nitro News & Polls > Dodge Nitro News

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
CEO Sergio Marchionne gets $11M in pay rickaren Chrysler/Dodge/Jeep News 0 02-29-2016 08:44 PM
Sergio Marchionne on a partnership between FCA and GM: rickaren Chrysler/Dodge/Jeep News 0 08-31-2015 05:47 AM
5 Questions for Fiat Chrysler CEO Sergio Marchionne rickaren Chrysler/Dodge/Jeep News 0 01-12-2015 03:39 PM
CEO Sergio Marchionne received no salary rickaren Chrysler/Dodge/Jeep News 0 03-07-2012 11:01 AM
CEO Sergio Marchionne gave keynote talk rickaren Chrysler/Dodge/Jeep News 3 01-13-2012 12:27 PM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome