TRAVERSE CITY, Mich. -- Chrysler CEO Sergio Marchionne today hinted that he will be stepping aside from the helm of the U.S. automaker within five years.
During a question-and-answer session at the 2011 Management Briefing Seminars, the 59-year-old executive said Chrysler's future plans "will be up to the guy after me -- after 2015 or maybe a year later…. There will be a Chrysler after me."
Marchionne currently is CEO of both Chrysler and its controlling shareholder, Fiat S.p.A. Over the last few weeks, he has begun integrating the management teams of the two companies while retaining oversight of North America.
Earlier today, Marchionne said Chrysler should have little trouble reaching tough new fuel-economy requirements for 2025.
Speaking here during a live radio program, Marchionne also said he expected smooth contract negotiations with the UAW.