Sergio Marchionne, an independent member of the Fiat group board since May 2003, will be appointed the new Fiat group CEO on Tuesday, sources close to the situation told Automotive News Europe.
Marchionne, 51, has dual Canadian and Italian citizenship. He is currently CEO of the SGS Group of Geneva, a world leader in the field of company inspections, auditing and certification services.
Marchionne replaces Giuseppe Morchio, Fiat group CEO, who abruptly resigned Sunday after Luca Cordero di Montezemolo was named chairman.
Marchionne earned a law degree from the Osgoode Hall Law School at York University of Toronto. He also holds business degree from the University of Windsor in Ontario, Canada.
He began his professional career in 1983 as an accountant with Deloitte & Touche in Canada.
Between 1994 and 2000 he was executive vice chairman for company development, CFO and then managing director of the company that is now Algroup of Zurich, Switzerland.
He then managed the chemicals group Lonza Group Ltd., which had split from Alusuisse Lonza, as managing director from 2000 to 2002. He was named chairman in 2002.