The resignation of Sergio Marchionne caused a drop in shares of Fiat Chrysler and Ferrari

On Monday, reports that Sergio Marchionne prematurely depart from the management of automobile companies Fiat Chrysler and Ferrari caused the fall in company shares by more than 5%, Reuters writes. As reported on Saturday by Fiat Chrysler, Marchionne, who is 66, will not be able to return to his duties after an operation on his shoulder that caused complications in his health. Earlier it was planned that Marchionne would resign in April 2019. The new CEO of Fiat Chrysler is Mike Manley, the head of the Jeep division. The new Chairman of the Board of Directors of Ferrari is John Elkann, Chairman of the Board of Directors of the FCA and heir of the family. Louis Camilleri, member of the Board of Directors, is appointed as the Director General of the manufacturer of sport cars .

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