Fiat Chrysler new CEO to announce plans for organization by end month

Fiat Chrysler Automobiles FCA

Fiat Chrysler new CEO Mike Manley is going to announce his organizational preparations for the automaker by the end of September, the group’s chairman stated at a shareholder meeting called to vote on the appointment of the new manager following former CEO Sergio Marchionne’s sudden death.

“When we learned Sergio Marchionne could not return to work the board decided to appoint Mike Manley, who was the sole candidate,” Chairman John Elkann stated.

The chairman added the decision was based on succession strategies the board was collaborating on with Marchionne for his planned departure in 2019.

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