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

AlexB

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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."

 
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.
 
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