AM Online

Chrysler boss shake-up in US

Two of Chrysler’s three brand chiefs have left the company just four months after their appointment, in a fresh management upheaval.

The Detroit carmaker has undergone sweeping changes since coming under the operational control of Fiat after its emergence from a court-supervised restructuring in June, reported Financial Times.

Chrysler said yesterday that Peter Fong, head of the Chrysler brand, had resigned “for personal reasons”, while Michael Accavitti, head of Dodge, was leaving to “pursue other interests”.

Fong was also lead sales executive for the entire company.
Both men were promoted as part of a shake-up by Fiat after Chrysler’s emergence from Chapter 11 bankruptcy.

Olivier Francois, head of Fiat’s Lancia brand, will take over the Chrysler brand, splitting time between Turin and Detroit.

Chrysler indicated Accavitti’s departure was part of the run-up to the unveiling of Fiat’s five-year strategy for the carmaker, expected in the third week of November.

Sergio Marchionne, chief executive of both companies said that Dodge would be split in two divisions – one focusing on cars and the other on the Ram pick-up truck, Chrysler’s top-seller.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.