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 Bentley Bentayga is set to participate in the famous Pikes Peak International Hill Climb that is slated to take place on June 24th in Colorado. The automaker’s motorsport department...
by - January 19, 2018
Infiniti will commence sales of the new 2019 Infiniti QX50 in the spring, with a starting price of $36,550. But before the big launch, Infiniti has introduced a new reservation...
by - January 18, 2018
BMW fans may be surprised with what the car manufacturer’s boss Robert Irlinger said in a recent interview with Autocar during a recent media meeting. And this is the fact...
by - January 18, 2018
Currently, there aren’t any Lexus convertibles out in the market, but it seems like it won’t be too long until we see one again. This is because Toyota’s premium brand...
by - January 18, 2018
Hyundai revealed to the press that it doesn’t plan on breaking any kind of top speed records with its newest N performance line. That is because the brand mainly focuses...
by - January 18, 2018
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