Mike Manley, head of Fiat Chrysler Automobiles NV’s Jeep brand since 2009, has been chosen to replace Sergio Marchionne. Marchionne had a set retirement date of April 2019, but worsening health following complications from shoulder surgery accelerated the timeline.
Manley had already been tasked with the biggest job of the five-year plan: Doubling Jeep sales volume by 2022 from the 1.4 million vehicles sold last year. He needs a 40 percent jump this year alone to meet the 2018 marker of 2 million set out by Marchionne.
Read the article at Bloomberg.