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

Login or Create new account to add a comment!

Recommended

Nearly a decade after Opel and sister brand Vauxhall introduced the Insignia large family car, these companies are now getting ready to unveil the second generation of this offering from...
by - December 7, 2016
After we caught a glimpse of the revamped Amarok, VW Australia once again wants to give its ute a sinister look inspired by the Mad Max movie franchise. The “Korama”...
by - December 7, 2016
Customers in the European market are known for leaning towards style and with this in mind, Nissan has revealed the special LEAF Black Edition. While the production run of this...
by - December 7, 2016
When Volkswagen unveiled the VW Atlas, it declared that this SUV is being developed for the United States and is set to arrive as a 2018 model. It also unveiled...
by - December 7, 2016
Did you miss the opportunity to get a brand new Dodge Viper? Well, here’s something you don’t want to miss. Dodge has announced a “final call” for orders for its...
by - December 6, 2016
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