Mike Manley, a 54-year-old Briton has been picked to replace Sergio Marchionne, the automotive icon who was forced to relinquish the post of chief executive officer after 14 years due to the sudden deterioration of his health.
Manley has been head of Fiat Chrysler Automobiles’ Jeep brand since 2009 and is looking to double its profit in the next 5-years.
Manley had already been tasked with the biggest job of the 5-year plan: Doubling Jeep sales volume by 2022 from the 1.4 million vehicles sold last year. He needs a 40% jump this year alone to meet the 2018 marker of 2 million set out by Marchionne earlier.
