UPDATE 3-Fiat picks independent director as new CEO -source

Newswire

(Adds source on Marchionne chosen as CEO) By Jane Barrett MILAN, May 31 (Reuters) - Fiat will fill the sudden vacancy in its top management by picking Sergio Marchionne, the head of Swiss inspection group SGS and a Fiat director, to take over as its CEO, a source close to the Italian group said on Monday. Fiat had to scramble to find a new chief executive after Giuseppe Morchio resigned on Sunday in protest at Ferrari chief Luca di Montezemolo being named chairman of Italy's biggest ...

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