• Nov 9, 2006

It's shake-up season at the automotive giants. Both Volkswagen and PSA Peugeot-Citroen announced new CEOs just the other day. Ford recently got a new chief, too. Even Ferrari has changed up their management. Next in line is their sister company Fiat: Sergio Marchionne is stepping down as CEO in 2007.

The role Marchionne is vacating is not as head of the entire Fiat group, which controls the bulk of the Italian automotive industry (including Ferrari, Maserati, Alfa Romeo, Lancia and Iveco trucks), but the Fiat car division specifically. In that role, Marchionne has engineered the revitalization of the brand with the successful Grande Punto and the launch of several new models, including the Sedici, Bravo and Linea. Not bad, especially considering he only took over in February 2005.

Fiat hasn't announced who'll take over for Sergio, but the departing CEO says they'll most definitely be promoting from within rather than recruiting from outside the company. Given Marchionne's success, we wouldn't be surprised to see him take on a new role within the company.

[Source: Detroit News Auto Insider]



I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 1 Comment
      • 8 Years Ago
      So he's probably the one who is responsible for that hideous Grande Punto "Radicale" at the Istanbul International Auto Show this week. No wonder he got a boot in the rear. He deserves it.