The man who Dallas News calls “the most interesting chief executive in the auto industry” will retire in 2018. Sergio Marchionne, CEO of Fiat Chrysler, will leave behind a record in his wake that couldn’t be any more impressive.
Marchionne tripled Fiat’s revenue and operating profit after taking the driver’s seat in June of 2004. He supervised the merger between Fiat and Chrysler. His stated goal that he hopes to achieve before he leaves in 2018 is to “boost net income five-fold to about $6.3 billion.”
As far as orchestrating any more turnarounds, he’s done. “Let some of these young punks do it,” he says. What does Marchionne plan to do with all of his free time once he leaves in 2018? Think. That’s right, think. He says, “I like to be able to think, and that’s not always possible in this job.”
Here at Cronic Chrysler, we salute Marchionne and wish him a happy (and thoughtful) retirement!