Chrysler CEO successor remains unclear due to IPO

Article by Anita Panait, on December 17, 2013

While General Motors and Ford each already has someone who will lead them in the future as chief executives, the same could not be said for the third member of the Detroit 3. Chrysler is currently led by Italian CEO Sergio Marchionne, who also sits atop parent Fiat SpA. However, it remains unclear who will succeed him in case he steps down from the US carmaker, partially because Chrysler is in a federally imposed quiet period due to its upcoming initial public offering.

What is clear is that whoever becomes Chrysler’s next CEO has very big shoes to fill. Fiat and Chrysler are still not fully integrated and have separate management structures that report to a 20-member steering committee called the Group Executive Council. This structure could remain as it is, or the top jobs could be delegated to two or more people.

Marchionne said in an interview with French weekly magazine Le Point that his "successor is among" the 20 members of Chrysler-Fiat's Group Executive Council. He added that his successor is "in a small group of five people."

The Chrysler-Fiat Group Executive Council meets monthly, either in Italy, the US, or in Brazil or China. The council approves strategies and investments for the two carmakers and associated operations. Around half of the Group Executive Council is from Chrysler, although a number of them have multiple roles in Marchionne's management structure. The rest of the council are from Fiat's top executive ranks.

Topics: chrysler, ceo, ipo

If you liked the article, share on:

Comments

Recommended

Kia is taking things a step further with the new Kia Stinger, which they first introduced at the 2017 Detroit Auto Show. With the specs given to us by the...
by - June 25, 2017
Earlier this week, Nissan revealed a teaser of the new 2018 LEAF’s interior, giving us an idea of what the electric vehicle has to offer. The company released a video...
by - June 25, 2017
The primary suggestion of a 4x4 ute from French company Peugeot was first revealed in 2016. Fifteen months later, the production version is launched. Now, Peugeot is not shying away...
by - June 24, 2017
The new Jaguar E-Pace crossover will soon hold its official launch on July 13 and is expected to arrive at the showrooms by early next year. It couldn’t have come...
by - June 24, 2017
As prices of the original Shelby Cobra have skyrocketed into astronomical proportions, there are firms like Superformance that serve replicas to consumers who demand the same levels of performance at...
by - June 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries