UPDATE 1-SGS to propose Fiat's Marchionne as Chairman

Newswire

(Adds Cotax acquisition, analyst comment, shares) ZURICH, Feb 20 (Reuters) - Swiss inspections services firm SGS said on Monday it would propose its former chief executive Sergio Marchionne as new chairman. "It is expected that, if elected, Sergio Marchionne will be appointed chairman," the group said in a statement. Marchionne stepped down as SGS chief executive in 2004 to become CEO of Italian car maker Fiat Group SpA . His departure was seen as a loss to the company as he was ...

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