Marchionne Says He’s ‘Done’ After 2018 Plan for Fiat Chrysler
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Sergio Marchionne, Fiat SpA’s chief executive officer and the architect of its merger with Chrysler, plans to step down after completing a five-year strategic plan to expand the combined carmakers.
“I’ll undoubtedly do something else” after the end of 2018, Marchionne, 62, said last week in an interview with Bloomberg Businessweek at the Balocco test track in northern Italy. “I am not going to do any more turnarounds. I’m done; let some of the young punks do it.”