Mike Manley is needed elsewhere.
Following the shocking announcement of Ferrari CEO Louis Camilleri's immediate resignation earlier this month, the search for his replacement instantly got underway. Leading the world's most premier automakers with an iconic history is not an easy job. Ferrari's board is reportedly narrowing its search from a list of top tier candidates, but now the Associated Press reports that list has just lost a name.
Fiat Chrysler CEO Mike Manley has been tapped to run American operations of Stellantis, the soon-to-be world's fourth-largest automaker upon the merger completion of FCA and France's PSA Peugeot. Up until now, Manley's role in the new company was unknown. PSA CEO Carlos Tavares will run the entire company and Manley will report to him.
As of this writing, the two companies are aiming to complete the merger by the end of March. Shareholders of both companies are expected to vote on the merger on January 14. Previous regulatory issues regarding concerns over the automaker's hold on the delivery van market have been resolved. The decision for Manley to retain his role in North America is wise.
Following the death of Sergio Marchionne in 2018, Manley immediately took the helm and has steered the ship in the right direction ever since, continuing Marchionne's ultimate goal of a merger. Prior to running FCA, Manley was in charge of the Jeep brand.
It was under his watch that vehicles such as the latest Jeep Wrangler, Cherokee, and Compass were developed and subsequently launched. That expertise continues to be required in North America, perhaps Stellantis' most vital market.
As for Ferrari, filling Camilleri's shoes won't be easy. He oversaw the development and debuts of the SF90 Stradale coupe and Spider, F8 Tributo, and Roma. He also laid the groundwork for the upcoming Purosangue, the marque's first-ever SUV. Another vital requirement for the Prancing Horse's next leader is a motorsport background, experience Manley lacks.