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

Premium Insights

The gold standard of business intelligence.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.