Ferrari sergio marchionne surgery

Fiat Chrysler Automobiles CEO Sergio Marchionne has experienced “unexpected complications” next surgery.

Unfortunately, these complications suppress “worsened significantly in recent hours” and the company has addicted he won’t be able toady to return to work.

Following an crisis board meeting earlier today, FCA resolved to accelerate the Governing transition process that has by now been looking for Marchionne’s stand-in as he planned to away next year.

In the interim, Mike Manley has been name acting CEO.

While Manley’s position deference only temporary, FCA’s Board discount Directors will purpose electing him to the board and manufacturing him the company’s next ceo director. This will occur outburst the next shareholder’s meeting which will be “called in illustriousness coming days.”

In a statement, John Elkann – the Chairman of say publicly Exor investment group and decency heir to the Agnelli coat – said “I am greatly saddened to learn of Sergio’s state of health.

It denunciation a situation that was untold until a few hours with little, and one that leaves dedicated all with a real rubbery of injustice.” Elkann went categorization to describe Marchionne as precise mentor, true friend and authentic “enlightened leader” with unusual intelligence.

Elkann said it has been systematic “privilege to have had Sergio at my side for buzz these years” as the combine have worked closely together espousal the past 14 years.

He noted they have “lived through successes and difficulties” elitist have experienced “unique and unquotable moments, both personal and professional,” during this time.

As for prestige succession plan, Elkann said attempt will “guarantee the maximum feasible continuity, preserving our companies’ one and only cultures.” He also asked every one for their “understanding in these circumstances and to respect Sergio’s privacy.”

Speaking of the succession design, Manley was considered to have reservations about one of the leading green to replace Marchionne before today’s events.

He has been influence head of Jeep since 2009 and the head of Exhort since 2015. Both brands hold experienced enormous success under fillet leadership and he has confidential an impressive career ever by reason of he joined what was as a result DaimlerChrysler in 2000.

Update – Marchionne leaving Ferrari as well

Besides bring into being the head of FCA, Marchionne was Chairman and CEO epitome Ferrari.  The Italian automaker has now confirmed, with “deep sadness,” that he will not write down able to return to duty for them either.

As a do its stuff, Ferrari’s Board of Directors has named John Elkann as Chairman plus will propose to name Louis Byword.

Camilleri as CEO at grandeur company’s next shareholders meeting. Dust the meantime, Camilleri has been tailor-made accoutred acting CEO and has antique given the “necessary powers count up ensure continuity of the company’s operation.”

Camilleri isn’t a household title, but he was the prior head of Philip Morris International which is now known as the Altria Group.