Richard Palmer,"Sergio's right-hand man" to join FCA's Board of Directors

[AlexB]

After the annual meeting the board will have three executive members: Chairman John Elkann, CEO Mike Manley and Palmer, along with nine nonexecutive members.
The meeting's agenda, published in advance by FCA, said the appointment recognizes Palmer's "extensive knowledge of the company and its business and his managerial skills."

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https://www.fcagroup.com/en-US/investors/stock_info_and_shareholder_corner/shareholder_meetings/FiatDocuments/2019/Annual%20General%20Meeting%20April%202019/FCA_AGM_2019_Explanatory_notes_to_agenda.pdf

FCA finance chief Palmer to join board

Richard Palmer will join the automaker's board of directors as one of three executive members along with Chairman John Elkann and CEO Mike Manley.

www.autonews.com

 

[GasAxe]

Was this a formality since he was already so involved with Sergio or is this a bit of a shake up?

 

[AlexB]

Was this a formality since he was already so involved with Sergio or is this a bit of a shake up?

Not a shake up, but unusual for a sitting CFO to be put on the Board of Directors.
Palmer (from all smoke signals) was the main alternative to Manley for the CEO role.