Wednesday, October 8, 2014

Fca, Elkann: “We do not sell, but Agnelli could count on … – The Daily

Fca, Elkann: "We do not sell, but Agnelli could count on … – The Daily

Three days after the full operation of the merger between Fiat and Chrysler and four from the debut of Fca on Wall Street, the president John Elkann Do you know that Chrysler Fiat Automobiles is “ready to participate” in the process of consolidation of the auto industry that could happen in the next 5 or 10 years, “whether it made sense.” And that as a result the family “could dilute its share in case there was a chance to make the company stronger” through mergers and merger with other groups, not only in Europe. “I do not want to sell,” he said in an interview with the grandson of the Advocate Businessweek in advance by the Agency Bloomberg . But, in fact, soon after gave the green light to a reduction in the share of Fiat (30%) and Exor , the safe of the Lambs currently in the belly. Thus disproving the assurances made during the shareholders’ meeting of August 1, the last to be held at the Lingotto saw that henceforth members will gather in the Netherlands. “I read in some newspapers that my family would be ‘tired’ and would welcome a hallway, to focus on other tasks less difficult and less risky,” he said that day Elkann. “I want to confirm my commitment staff and my family to continue to support Fca, even more so now that great opportunities are on the horizon.”

Sergio Marchionne , who spoke in turn to the American weekly, instead has made official its intention to leave the chair of the group’s managing director in 2018, the year that will be completed the five-year plan presented last May. “After 2018 I’ll certainly something else. No change of idea, have done so, and then it is right that young people go forward. ” The manager Italo-Canadian, 62 the last ten of which were spent at the head of Fiat, he then explained that after he left his role “will have to be reconfigured”: “There are several things that the next CEO will have to do and that are totally different from what I do. “ Elkann said that for the sequence Fiat Chrysler can count on” strong candidates internal :” I have confidence in our bench. ” Businessweek remembers that last year the president himself had mentioned as a possible replacement for some Marchionne manager of the group including Richard Tobin , CEO of Industrial Cnh , Alfredo Altavilla , chief operating officer of the EMEA region (Europe, Middle East and Africa) to Fca. And yet Mike Manley , head of the Jeep brand, and Cledorvino Belini , head of Fiat in Brazil. During the last interview, however, specify the weekly Elkann did not name names.

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