Skip to content
Subscriber Only

Fiat Chrysler Prepares for Future Without CEO Who Saved Company

  • Fiat, Ferrari boards said set to name Marchionne successors
  • CEO’s health issues force carmakers to speed succession plans
Sergio Marchionne
Sergio MarchionnePhotographer: Andrew Harrer/Bloomberg
Updated on

Fiat Chrysler Automobiles NV is preparing for the premature end of the Sergio Marchionne era.

The 66-year-old native of Chieti, Italy, out on medical leave for the past several weeks, won’t return to his CEO roles at the Italian-American automaker or at race car manufacturer Ferrari NV, according to people familiar with the matter. The boards of both companies are preparing to name replacements for him on Saturday, said the people, who asked not to be named discussing confidential matters.