Home / News / TIMELINE: Sergio Marchionne’s transformative Fiat Chrysler tenure

TIMELINE: Sergio Marchionne’s transformative Fiat Chrysler tenure

A aptitude for theatrics done Marchionne an sparkling CEO to cover

» Mike Manley, conduct of Jeep and Ram, replaces bum Marchionne as FCA CEO

» Jeep, Ram arch replaces bum Marchionne as FCA CEO

» Marchionne to henceforth exit Fiat Chrysler, Ferrari amid health crisis, reports say

» Marchionne to henceforth exit Fiat Chrysler, Ferrari amid health crisis, reports say

UPDATED: 7/22/18 6:07 pm ET

Over 14 years during a helm of what’s now Fiat Chrysler Automobiles, CEO Sergio Marchionne remade a intermediate European automaker into a tellurian giant. Here is a timeline of some pivotal moments during his tenure.

June 2004

Marchionne, afterwards portion as CEO of products examiner SGS SA, is allocated CEO of Fiat. He affianced to finish a turnaround devise instituted by his prototype to finish years of losses, and shortly done skeleton to revamp Fiat’s classification to make it some-more efficient.

February 2005

Marchionne extracts $2 billion from General Motors Corp. to finish a brawl over a tenure of their Fiat Auto corner venture, and creates skeleton to cancel other alliances with a U.S. automaker.

June 2009

Fiat takes tenure of Chrysler assets, pledging to re-open factories idled during a U.S. government-steered bankruptcy. Marchionne commits no cash, instead pledging to share engineering resources and record with a struggling U.S. company.

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January 2011

Fiat spins off a industrial resources as a predecessor to formulating a tellurian automotive company, mixing a possess operations with Chrysler’s.

October 2014

The joined Fiat Chrysler Automobiles creates a entrance on a New York Stock Exchange. Shortly afterward, a association announces a spin-off of oppulance code Ferrari.

October 2015

Ferrari NV, with Marchionne as chairman, starts trade in New York with a marketplace value of about $10 billion. That success came after GM rebuffed attempts by Marchionne to induce a partnership that would emanate a world’s largest automaker.

April 2017

Marchionne puts vital partnership attempts on reason to concentration on slicing debt during Fiat Chrysler.

June 2018

Marchionne unveils a five-year devise for Fiat Chrysler, directed during doubling distinction and restoring dividends for a initial time given a 2014 merger. The association also skeleton to deposit 9 billion euros ($11 billion) in electrifying a swift by 2022.

July 2018

With his health faltering, a 66-year-old is transposed with Mike Manley, conduct of a Jeep and Ram brands, who led a successful tellurian enlargement of Jeep. Marchionne’s worsening condition accelerated a succession.

A aptitude for theatrics done Marchionne an sparkling CEO to cover

» Mike Manley, conduct of Jeep and Ram, replaces bum Marchionne as FCA CEO

» Jeep, Ram arch replaces bum Marchionne as FCA CEO

» Marchionne to henceforth exit Fiat Chrysler, Ferrari amid health crisis, reports say

» Marchionne to henceforth exit Fiat Chrysler, Ferrari amid health crisis, reports say

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