Following Sergio Marchionne’s sudden departure as FCA CEO at the weekend, a number of other changes have followed today. FCA has confirmed that FCA’s Europe chief, Alfredo Altavilla, is leaving the group ‘to pursue other professional interests’.
Some media reports suggest that Altavilla was in the running to replace Marchionne – but the job went to Mike Manley and he is now leaving as a result of that.
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FCA said that the new group CEO Mike Manley is also appointed temporary Chief Operating Officer of EMEA Region. Altavilla will be working with Manley through the end of August to ensure a smooth transition.
The experienced Altavilla, 54, was seen as close to Marchionne and his departure could be seen as a blow to Manley who is faced with a financial results presentation on Wednesday (July 25) when he would have wanted to demonstrate stability in the top management team to investors.
FCA also said that Global Business Development will now be realigned to report to Richard Palmer, the Group Chief Financial Officer and Chief Operating Officer Systems and Castings.
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