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Mike Manley expected to announce future plans for FCA by the end of the month

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AMSTERDAM – Fiat Chrysler’s new CEO Mike Manley will announce his organizational plans for the automaker by the end of September. The comments about future organization plans were made at a shareholder meeting called to vote on the appointment of the new manager after former Chief Executive Sergio Marchionne’s sudden death.

Manley, the group’s current chairman, was placed into his role due to the unexpected health crisis of then-chief Sergio Marchionne. At the same time, Ferrari announce that it would place John Elkann in the role of Chairman, which had previously been held by Marchionne.

“When we learned Sergio Marchionne could not return to work the board decided to appoint Mike Manley, who was the only candidate,” Chairman John Elkann said. The chairman added the decision was based on succession plans the board was working on with Marchionne for his planned departure in 2019. Reuters contributed to this report.

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