Sergio Marchionne will step down after 2018, once the 5-year business plan is completed

Article by Andrew Christian, on October 8, 2014

We didn’t expect this from Sergio Marchionne by it appears that Fiat’s CEO and the man behind the merger with Chrysler will step down after 2018, or once the five-year business plan is completed. Marchionne also added that he will do something else after 2018 as he will let some young punks do more turnarounds.

According to Bloomberg, chairman John Elkan is not a candidate as he is planning to maintain his current position but he did mentioned people that could replace Marchionne.

Last year, Elkjan said that managers who could replace Marchionne were CNH Industrial CEO Richard Tobin, Alfredo Altavilla a.k.a. Fiat’s European chief, Jeep’s chief Mike Manley or Cledorvino Belini, head of Fiat Brazil.

Back in September, we reported that Marchionne will have a new position, as he replaces Luca di Montezemolo as Ferrari’s chairman. This means that Marchionne will be even busier as he plans to gradually increase production at Ferrari and exceed the 7,000 units limit set by previous chairman.

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