Sergio Marchionne, the CEO of Fiat Chrysler, has stepped down after unexpected complications during his recovery from surgery, the company announced. Mike Manley, the CEO of Jeep, will replace Marchionne as CEO, effective immediately. Louis C. Camilleri, the former chairman of Philip Morris International has been chosen to replace Marchionne as CEO of Ferrari, where he also lead, the company announced today.
Marchionne effectively saved both Fiat and Chrysler when the two merged back in 2014, pulling both companies from the brink of collapse after the recession in the late 2000s. A known workaholic, Marchionne ran Fiat for 14 years, turning around a company that lost $7 billion in 2003 into one that p...
