Fiat Chrysler’s CEO steps down after health complications

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 ran Fiat for 14 years

Marchionne effectively saved both Fiat and...

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