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Leadership change at Ferrari as CEO Marchionne falls ill
Ferrari, and its mother company, Fiat Chrysler, have announced changes at the lead of the company to replace CEO Sergio Marchionne, after the company was informed he will be unable to return to work. On the back of a surgery, Marchionne's health condition has apparently deteriorated dramatically in recent days and hours. It has come so far that the board of directors have had to take action, given that Marchionne will not return. Mr Marchionne, 66, has led the combined company for more than a decade and planned to step down as CEO next year. At Fiat Chrysler, he will be replaced by Mike Manley, the head of the Italian-American company's Jeep division. 'Unexpected complications arose while...
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6y ago from F1Technical.net
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