Fiat and Chrysler group CEO Sergio Marchionne will not stand for re-election to the board of the Swiss bank UBS next year, the bank said.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


It added that Marchionne plans to focus on his current management positions at the carmakers and had decided not to seek any further mandates at UBS.


Marchionne was elected to the UBS board in 2007 and appointed vice chairman in 2008. Reuters noted that he had been seen as a possible alternative CEO for UBS earlier this year but the bank turned to former Credit Suisse boss Oswald Gruebel.


Marchionne’s workload has increased since Fiat absorbed 20% of Chrysler earlier this year. Also stepping down from the UBS board is Royal Dutch Shell CEO Peter Vose who earlier this year announced a reorganisation of the oil company’s worldwide exploration and production operations.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now