Fiat Chrysler names Michael Manley as new CEO for its Jeep and Ram brands to replace Sergio Marchionne due to health reasons.
On Saturday, Marchionne, 66, was abruptly replaced. Fiat Chrysler revealed that he had become gravely ill since having shoulder surgery on July 5. The company named Michael Manley, 54, who is the head of the automaker’s North America operations and its Jeep and Ram truck brands, as Marchionne’s successor, with effective immediately.
Manley has been Head of Jeep brand since June 2009 and Head of Ram brand since October 2015.
Prior to those roles, Manley was Chief Operating Officer for the APAC region. He was also the lead Chrysler Group executive for the international activities of Chrysler outside of NAFTA, where he was responsible for implementing the co-operation agreements for distribution of Chrysler Group products through Fiat’s international distribution network.
Previously, Manley was Executive Vice President – International Sales and Global Product Planning Operations since December 2008. In this position, he was responsible for product planning and all sales activities outside North America.
According to press release: The Board of Directors of FCA firstly expressed its closeness to Sergio Marchionne and his family and underlined the extraordinary contribution, both human and professional, that he has made to the Company in these years.
The Board resolved to accelerate the CEO transition process that has been proceeding over the past months and named Michael Manley as CEO. The Board will therefore propose to the next Shareholder Meeting, to be called in the coming days, that he is elected to the Board and serve as an executive director of the Company.
In the meantime, in order to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Michael Manley all the powers of CEO. He will also assume responsibility for the NAFTA region.
He holds a Master of Business Administration from Ashridge Management College in Ashridge, England, and a Bachelor of Science in engineering from Southbank University in London.