After 14 years at the helm of Fiat Chrysler Automobiles (FCA), Sergio Marchionne was replaced at the helm of the carmaker by Jeep boss Mike Manley due to worsening health conditions following recent surgery. After a board meeting, FCA communicated "with profound sorrow" that "during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours." Marchionne will be unable to return to work, FCA said. The Italian-Canadian manager, who turned around Fiat Group and was instrumental in its merger with bankrupt US peer Chrysler in 2009, was expected to leave FCA in April 2019. He had indicated that his successor would be an internal candidate involved in the preparation of the new business plan. As a result of Marchionne's illness, the FCA board decided to accelerate the transition process and named British-born Manley as chief executive officer.