Sergio Marchionne Declared World Automotive Individual Of The Yr

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Automotive Trade titan, Sergio Marchionne, has been declared the winner of the World Automotive Individual of the Yr and the award was introduced on the 2019 Geneva Motor Present. On the time of his passing in July Mr Marchionne was CEO, FCA; Chairman, CNH Industrial; and Chairman and CEO, Ferrari. Chosen as CEO of Fiat SpA in June 2004, Marchionne took the Italian producer from the brink of chapter to the New York Inventory Trade, the place he rang the bell on Oct. 13, 2014, to mark the debut of Fiat Chrysler Vehicles NV, the London firm created when Fiat purchased the Detroit carmaker. Marchionne, who described himself as a company fixer, was Fiat’s fifth CEO in lower than two years when he took over. He changed Giuseppe Morchio, who give up after the billionaire Agnelli household refused to offer him the joint title of chairman and CEO when then-Chairman Umberto Agnelli died of most cancers.

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Mike Manley, President, CEO FCA accepted the award on Marchionne’s behalf 

Mike Manley, FCA’s recently-appointed President and Chief Govt Officer, warmly acquired the trophy on behalf of his former boss. “It’s an honour for me to obtain this recognition from the World Automotive Awards’ jury, made posthumously to Sergio Marchionne. He was not one for pomp or fuss, preferring as an alternative obligation to the corporate he led for 14 years and the nurturing of a management crew to take his legacy ahead. I settle for this award on this spirit and with thanks.”

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World Automotive jurors voted for Italian-Canadian Marchionne over a number of different motor business executives, engineers, designers and entrepreneurs from all corners of the globe. The award acknowledges his accomplishment in taking two declining, regionally-focused corporations and forging them into one worthwhile world entity. As well as, he spun off Ferrari as a extremely profitable separate enterprise, solidifying the way forward for that iconic model.


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