Fiat searches for new CEO after boardroom turmoil

Newswire

By Jane Barrett MILAN, May 31 (Reuters) - Italy's Fiat was scrambling to keep its turnaround plan on track on Monday after a tumultuous three days that saw the death of its chairman and the shock resignation of chief executive Giuseppe Morchio after the head of Ferrari was promoted to the company's top post. The chain of events was set in motion by the death on Friday of Umberto Agnelli, the last senior manager from Fiat's founding family and a strong supporter of a plan Morchio drew up ...

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