Marchionne Health Crisis Thusts Successor Into Spotlight

Marchionne Health Crisis Thusts Successor Into Spotlight

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Business, Social Studies

University

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Sergio Marchione, the long-time CEO of Fiat Chrysler, is unable to return to work due to health complications, leading to a sudden leadership change. Mike Manley, a company veteran, takes over as CEO. This transition is a significant shock to shareholders, although some anticipated a change as Marchione was due to step down in 2019. Manley, who has been with the company since 2000 and has overseen the Jeep and RAM brands, is seen as a natural successor. He faces challenges such as electrification, self-driving cars, and expanding the Jeep and RAM brands beyond the US.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How long did Sergio Marchione serve as CEO before his replacement?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the expected timeline for Marchione's departure from the company?

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