Who will lead Fiat-Chrysler?


With Chrysler officially in a quiet period as required by it's initial public offering filing, Fiat Chairman (FIATY), Sergio Marchionne said that his “successor is among” the 20 members of Fiat-Chrysler's Group Executive Council. The Fiat-Chrysler Group Executive Council meets monthly, either in Italy, the United States, or occasionally in Brazil or China, and approves strategies and investments for both automakers and associated operations. Fiat has conducted operations for the Fiat-Chrysler Group which includes Maserati, Jeep, Dodge, Chrysler, Ferrari and Fiat. Sergio has said that he is planning to retire in 2015 but then later was quoted saying, “I could be here in 2016,” Marchionne said in a January 2013 interview. “I'm not going to do anything else after this from an executive standpoint. I've had my fill of turnarounds. I've done more than most human beings should.” Sergio continues to have his work cut out for him as he attempts to integrate Fiat and Chrysler despite a disagreement about the price Fiat should pay for the remaining stake in Chrysler. Fiat currently owns 58% of Chrysler and has options to purchase the rest. Analysts do not expect the Chrysler IPO to go forward and believe that a last minute deal will be reached. Autonews looks at few potential candidates from the executive council.

InvestCorrectly Staff
InvestCorrectly Staff

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