FCA's head of European business said to step down


Altavilla, left, poses with Marchionne next to the Alfa Romeo Giulia during an event at FCA’s plant in Cassino, Italy, in 2016.

Photo credit: REUTERS/Tony Gentile

Automotive News Europe
July 23, 2018 13:11 CET — UPDATED: July 23 15:09 CET – adds FCA statement

MILAN — The head of Fiat Chrysler’s Europe, Middle East and Africa business, Alfredo Altavilla, has stepped down.

FCA’s new CEO, Mike Manley, will head the EMEA region on an interim basis, the company said in a news release Monday. Altavilla will be working with Manley through the end of August to ensure a smooth transition, FCA said.

Altavilla’s departure will deprive Manley of crucial management experience as he tries to steady the ship following the sudden loss of Sergio Marchionne, who was forced to relinquish his post of 14 years due to declining health.

Altavilla, along with Manley, head of Jeep, and CFO Richard Palmer, was among the top candidates to succeed Marchionne when he stepped down next year. But after Marchionne fell seriously ill due to complications following surgery, the company accelerated the succession plans and on Saturday appointed Manley to succeed Marchionne.

Palmer takes on Altavilla’s responsibility for global business development, FCA said.

Altavilla, 54, was a close aide to Marchionne, having overseen Fiat Chrysler operations across the globe. His resignation raises the stakes for Manley when he addresses investors Wednesday for the first time as CEO. 

Manley already faced pressure to show he was capable of moving the Italian-American automaker forward without Marchionne. Now he will face questions on whether he can hold together an experienced management team or face more turmoil in executive ranks.

Reuters and Bloomberg contributed to this report

Contact Automotive News


Let’s block ads! (Why?)

Automotive News Automakers Feed

Get real time updates directly on you device, subscribe now.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
You might also like

Leave A Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More