Marchionne will remain as CEO to oversee the full merger between Fiat and Chrysler along with executing a new strategy to turn Fiat’s operations around in Europe. According to Fiat Group Chairman John Elkann, a new three-year business plan will be revealed in early May which Marchionne will lead “at least for the entire duration” of the plan.
Previously, Marchionne said that he would step down as CEO in 2015 but given the delicate situation that both automakers are in, he will remain at the helm while the automakers begin grooming a new CEO. Marchionne hopes to complete the Fiat-Chrysler merger this week and the Fiat board will meet on January 29 in Europe to approve the new corporate name and other details of the merger.
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[Source: Automotive News Europe]
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