PLANT

Fiat Chrysler’s Marchionne says new CEO will be named this year

Candidates include Canadian Reid Bigland, former FCA Canada president and CEO.

January 15, 2018   by ASSOCIATED PRESS

Sergio Marchionne will step down as FCA chief next year.
PHOTO: FCA GROUP

DETROIT — Fiat Chrysler CEO Sergio Marchionne says he’ll step down next year after leading the combined company since 2009.

Marchionne, 65, told media at the Detroit auto show that FCA will release a business plan through 2022 around June. The company will announce his successor sometime after that.

Candidates include Mike Manley, who leads the company’s Ram and Jeep brands, and Reid Bigland, who leads the Alfa Romeo and Maserati brands and US sales.

Marchionne also said the US tax cuts passed in December are worth $1 billion annually to FCA and give the company confidence about the economic future.

FCA said last week it was moving heavy duty truck production from Mexico to Michigan and paying $2,000 bonuses to U.S. employees as a result of the tax cuts.


Print this page

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *

*