DETROIT – Fiat Chrysler CEO Mike Manley will run operations within the Americas when his company merges with France's PSA Peugeot early next year.
FCA Chairman John Elkann announced Manley's new post on Friday inside a letter to employees. Manley's role within the merged company had been a mystery.
PSA CEO Carlos Tavares will run the overall company, to become named Stellantis. Shareholders of both companies will vote around the merger Jan. 4 to seal the deal allowing the world's fourth-largest automaker. The merger is anticipated to become performed by the end of March.
PSA will get six seats on the new company's 11-member board, which is chaired by Elkann.
The Americas, particularly the U.S., are key to the new company's success. Fiat Chrysler's Jeep and Ram brands are highly profitable, and Tavares has long desired to sell PSA vehicles in the U.S.
Manley has been the Italian-American automaker's CEO for 2 1/2 years, overtaking when Sergio Marchionne died in 2021.
Stellantis will have the capability to create 8.7 million cars annually, just behind Volkswagen, the Renault-Nissan alliance and Toyota.
