Sergio Marchionne is Fiat Chrysler CEO until at least 2018

Article by Christian A., on May 8, 2014

Sergio Marchionne will still sit as chief executive of Fiat Chrysler Automobiles until at least 2018 at he is tasked to fully implement the group’s five-year business plan that ends that year. Marchionne said he would stay to for the plan’s full implementation to make sure that its goal gets delivered.

Fiat Group Chairman John Elkann remarked he had talked with Marchionne last week over the latter his tenure as the carmaker’s top man. Elkann remarked that they managed to have Marchionne stay at Fiat for two more years.

Elkann had said in January that Marchionne would lead Fiat Chrysler through at least 2016, the end of what was then a proposed three-year plan. Elkann announced at the time that Fiat-Chrysler in May will unveil a new three-year business plan, with Marchionne leading the company at least for the entire duration of the plan.

Local media even speculated early this year that Marchionne would exit Fiat after the presentation of the business plan and following an agreement to fully acquire Chrysler. Marchionne started his CEO role at Fiat a decade ago and at Chrysler in 2009.

He both managed to turn around both carmakers. Marchionne had remarked that he could exit the group next year, with some analysts fearing that uncertainty over his tenure at the merged company could dim Fiat Chrysler’s prospects. As the leader of the combined company, he is tasked to list it and establish its headquarters outside Italy.

If you liked the article, share on:

Comments

Recommended

The wait for the Mustang’s GT-based Super Snake concept to be released is finally over. Shelby had recently collaborated with Ford Performance and Borla to come up with something that...
by - May 23, 2017
While the BMW M3 is making some noise in Abu Dhabi with its San Marino Blue outfit, Porsche on the other hand, is catching people’s attention in Dubai as the...
by - May 23, 2017
We first heard of the fifth generation SEAT Ibiza earlier this year, and last week, the company finally revealed the all-new Ibiza at the international launch in Barcelona. The new...
by - May 22, 2017
The aftermath of the Takata airbag recall still largely resounds in the automotive industry, as big automotive companies like BMW, Mazda, Subaru and Toyota were extensively hit with what is...
by - May 22, 2017
Amid reports that major rival Volkswagen would cease producing 2016 and 2017 model year diesel cars following the wake of the "Dieselgate" scandal, it’s believed that Chevrolet sees its opportunity...
by - May 22, 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