While the automaker hasn’t made anything official, sources tell Automotive News Europe that Jeep and Ram brand boss Mike Manley is Fiat Chrysler’s chosen successor to the ailing Sergio Marchionne.
The report follows this morning’s news that Marchionne has experienced complications from shoulder surgery, and that the boards of FCA, Ferrari, and CNH Industrial have reportedly assembled to replace him as CEO by end of day Saturday.
Update: Fiat Chrysler has confirmed the change via a press release. Mike Manley has been named CEO by the board of directors, and the board will propose that he be elected to the board and executive director of the company at a forthcoming shareholder meeting. The board has granted Manley the full powers of CEO in the interim. — Managing Ed.















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