AMSTERDAM — When Fiat Chrysler Automobiles CEO Mike Manley announces his new executive team this month, he is expected to lay out a new management structure as well.
At a shareholder meeting last week, FCA Chairman John Elkann said Manley, who became CEO July 21, will announce his team by the end of September. Manley has several top positions to fill and must determine whether to stick with the unusual structure created by CEO Sergio Marchionne, who died on July 25th.
Since his appointment, Manley has not only absorbed Marchionne's global CEO position, but also his role as head of FCA's North American region, where the majority of its profits are made. Manley also temporarily assumed control of FCA's Europe/Middle East/Africa region after the resignation of Alfredo Altavilla — Manley's main rival to succeed Marchionne — after Manley was appointed.
Manley has at least temporarily retained his roles as global head of the Jeep and Ram brands.
Under Marchionne, FCA's decision making was concentrated among a small group of top executives, most of whom held several different and sometimes disparate responsibilities. For example, Reid Bigland at one point was responsible for Alfa Romeo and Maserati while also heading U.S. sales and operating as CEO of FCA Canada. The senior executives all reported to Marchionne.
At the shareholders meeting, Elkann said Manley was the only candidate to succeed Marchionne. He told investors that Manley has been the largest single contributor to FCA's success, having led Jeep, Ram and the Asia Pacific region, which is FCA's biggest growth opportunity.
A minute's silence was held before the start of the meeting here on Friday. Manley's election as an FCA executive board member was approved by more than 99 percent of the votes cast at the meeting. Elkann thanked shareholders for "this great vote of confidence."
Reuters contributed to this report.