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June 24, 2017

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Marchionne will remain head of Fiat/Chrysler until at least 2017

DETROIT--Sergio Marchionne will remain as the chief executive of Fiat and its U.S. subsidiary Chrysler until at least 2017, Fiat chairman John Elkann said Monday.

Elkann confirmed Marchionne's plans two weeks after the Fiat CEO completed the takeover of Chrysler, finishing a four-year effort that brought what turned out to be a strong source of sales and revenue to the struggling Italian automaker.

That deal has also opened doors to a more sweeping transformation of Fiat, including the possibility of moving its headquarters to the United States and of listing its shares on a major global bourse or two, in addition to Milan.

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