Sergio Marchionne is Fiat Chrysler CEO until at least 2018

Article by Andrew Christian, 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

Login or Create new account to add a comment!

Recommended

Bentley Motors has just released the specs of the new Bentayga Diesel. Obviously, we couldn’t wait to share it here since it’s the first ever diesel model to come out...
by - September 26, 2016
A big chunk of Volvo Cars’ legacy in developing the most durable and capable car is evident in its latest Cross Country collection. Suffice it to say, our planet has...
by - September 21, 2016
Just very recently, we were all delighted to finally see a Bugatti Chiron out in the streets casually hanging around Cannes in France. The said car was purchased by a...
by - September 9, 2016
Earlier this year, Aston Martin wowed the world with a stunning concept car – the Vanquish Zagato. The concept made its first appearance in May during the Concorso d’Eleganza Villa...
by - September 7, 2016
Lamborghini has always been known to be the home to exotic supercars. The Italian automaker’s production facilities have hosted uniquely designed and powerful show-stopping supercars. It all started with the...
by - September 5, 2016