Fiat Chrysler announces new CEO Mike Manley
Mike Manley has been appointed the new Chief Execuitve Officer of Fiat Chrysler Automobiles NV.
The new appointment follows the resignation of Sergio Marchionne, who held the position for 14 years.
Marchionne was forced to leave his position of CEO due to declining health.
Prior to his new position, 54-year-old Manley worked as the firm’s Head of the Jeep and Ram brands.
The CEO joined Chrysler in 2000, when the company was part of Daimler, and took on his previous job in 2009.
“I am profoundly saddened to learn of Sergio’s state of health,” stated John Elkann, Chairman of Fiat Chrysler.
“It is a situation that was unthinkable until a few hours ago, and one that leaves us all with a real sense of injustice.”
Following the news, the company’s Chief Operating Officer for its European unit, Alfredo Altavilla, has resigned from his position.
According to Bloomberg, the COO has opted to resign due to being passed over for the role.
Altavilla worked closely with Marchionne and was considered as one of the top three leading candidates for the CEO position, along with Manley and the company’s Chief Financial Officer Richard Palmer.
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