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Fiat Chrysler names Mike Manley Jeep boss as Marchionne's health worsens

Marchionne's condition deteriorated sharply in recent days when he suffered massive complications that were not divulged

Reuters  |  Milan 

Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes responsibility for the North America region, will push ahead with the mid-term strategy outlined last month by Marchionne, who had been due to step down next April. Marchionne, 66, was credited with rescuing Fiat and Chrysler from bankruptcy after taking the Italian carmaker's wheel in 2004. On Saturday he was also ...

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First Published: Sun, July 22 2018. 14:38 IST