Fiat Chrysler Automobiles NV - Proxy report - 07/09/2018
The EGM (item 2) is called to ratify the appointment of Mr. Michael Manley as Group CEO, in place of Mr. Sergio Marchionne, who died on July 25.
Mr. Manley joined DaimlerChrysler in 2000 as Head of Network Development in the UK. He was Head of Jeep brand since June 2009, after the acquisition of Chrysler by Fiat Group, and Head of Ram brand since October 2015. Mr. Manley was appointed as Group CEO on 21 July 2018, and COO of EMEA division on July 23. He does not currently hold any external position.
As we have not identified any specific concerns on the appointment of Mr. Manley as CEO of FCA Group, we recommend approval.
Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
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