Marchionne stepping down early?

Interesting, but because of a shoulder injury? If he steps down, there is a lot more that has not been said.

 

Probably a stand in until he gets better

 

Wow this is very interesting. I’ve not been a fan of Marchione however this is still nerve wracking. The person needs to have better taste than Sergio that’s for sure.

Or he’s met all his financial objectives with the company and can getting out early...? Does that ever happen? Is it always something negative if you leave before contract ends in that sort of high profile role....?

 

Elkann was the guy of the denim upholstery?

I'm not sure if I like that.

 

That was his brother Lapo Elkann.

 

"Louis Camilleri, a former Philip Morris International Inc. chairman and a member of Ferrari’s board, will be named CEO, with Elkann taking the chairman role"

https://eu.detroitnews.com/story/business/autos/chrysler/2018/07/21/fiat-chrysler-meeting-ceo-marchionne-surgery/37033179/

 

Ah, the good Elkann, the one who doesn't wear like Prince. I feel more relaxed now, thanks.

 

The Wall Street Journal has just reported that he is out, ostensibly due to health concerns.

 

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Holy cow! I genuinely don't know how to feel about this.

 

No more sweater boy?

He probably injured his shoulder tossing and turning all night trying to figure out how to sell more Jeeps . . . .

I apologize in advance if he has a serious illness we don't know the details of.

 

Bring back Luca!

 

Here they mention another replacement?

https://money.cnn.com/2018/07/21/news/companies/sergio-marchionne-fiat-chrysler-stepping-down/index.html

Here too:

https://www.ft.com/

 

I never cared for his management style and especially his treatment of Luca but I hope he can overcome whatever illness has afflicted him.

 

For sure it must be a serious illness otherwise for a shoulder injury makes no sense To make all these big management shuffles - I hope not but they may have discovered cancer - God bless Sergio also wishing him the best possible outcome

 

Best wishes for his recovery.

 

Complications from shoulder surgery 3 weeks ago.

https://www.usnews.com/news/business/articles/2018-07-21/fiat-chrysler-board-meets-in-light-of-ceos-surgery

Manley to replace

The England-born Manley had been one of Marchionne's closest collaborators at the group, and in a previous role had been responsible for product planning and all sales activities outside of North America.

 

Not good

 

My thoughts exactly. If indeed he went in for shoulder surgery, tests may have discovered something more serious.

Pretty sure I read that he was a heavy smoker. Hope not related to this.

 

The company is profitable. They sell a lot Jeeps around the world.

But yeah, total agreement that he treated Montezemolo poorly.

 

Sounds like he’s in really bad shape.

http://www.liberoquotidiano.it/news/personaggi/13362773/sergio-marchionne-indiscrezione-sulla-sua-salute-malato-tumore-polmone-coma.html

 

The quickie translation:

Officially, it is known that Sergio Marchionne is in critical condition, which has been aggravated and that after the intervention to the shoulder will not return to work in FCA. But there are rumors about his health. According to the site Dagospia, Marchionne "is sick of lung cancer ". While Paolo Madron of Lettera43 writes on Twitter: "Things that you would never want to say, but that the duty of news unfortunately requires us: Marchionne is in deep coma ".

 

Many thanks for the translation. I also heard he may have suffered a serious heart attack.

 

Thanks. Not good for SM.