Marchionne’s Successor Has Just Days to Get Ready for Close-Up

Manley faces investors for first time this week as Fiat CEO
Analyst: ‘Who’s going to be driving the strategic options?’

What challenges face Mike Manley? Bloomberg’s Ville Heiskanen reports.(Source: Bloomberg)

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By Tommaso Ebhardt and Gabrielle Coppola

July 22, 2018 at 10:01 PM UTC

Updated on

July 23, 2018 at 8:34 AM UTC

This article is for subscribers only.

Mike Manley’s first week as chief executive officer of Fiat Chrysler Automobiles NV is shaping up to be a big one.

Manley, the head of the company’s Jeep and Ram division, was thrust into the spotlight on Saturday when he was named CEO to replace Sergio Marchionne, whose health declined suddenly and unexpectedly. Italian news agency Ansa said his condition is “irreversible,’ and he is in intensive care in a Zurich hospital following complications from shoulder surgery. Manley has just days to prepare for the automaker’s July 25 quarterly results presentation, an event investors will use to size up the new CEO and assess his plan to fill Marchionne’s shoes.