Manley set to comply with legendary CEO — once more

Sergio Marchionne and Mike Manley

It is not straightforward succeeding a legend. Mike Manley is about to do it a second time.

In July 2018, Manley was thrust into the CEO seat following the premature demise of Fiat Chrysler Vehicles’ Sergio Marchionne. This time, Manley is about to succeed one other Automotive Corridor of Famer, Mike Jackson, who has led AutoNation Inc. for greater than twenty years.

In Monday’s challenge, Jackson describes how the transition will unfold on the largest U.S. dealership group on Nov. 1: “Mike, here is the parking area. Growth. I pull out, he pulls in.”

If that occurs, all of it guarantees to be a bit easier than what unfolded in early 2019, when Jackson went into nice element to elucidate why he picked an business outsider, Carl Liebert, as his personal successor.

On the time, Jackson pointed out that Liebert stood out for belongings that Jackson lacked — specifically, provide chain savvy and digital smarts. These abilities had been considered as vital if AutoNation had been to achieve a altering world. Inside 5 months, Liebert was gone and Jackson was describing the choice as “a bridge too far.”

This time, one can not help however discover how a lot the paths of Jackson and Manley are alike.

Jackson is a former dealership technician who later joined Mercedes-Benz USA. Manley started his profession within the auto retail world in his native United Kingdom earlier than becoming a member of DaimlerChrysler.

Jackson, 72, led Mercedes-Benz USA earlier than he was employed by AutoNation in 1999. Manley, as famous above, was chief govt of Fiat Chrysler till the place was swept away on this 12 months’s merger with automaker PSA that created Stellantis.

In fact, the 57-year-old Manley has proven no love of the highlight that positioned Jackson and Marchionne among the many most outspoken and most acknowledged business figures.

However that is no vital ingredient for achievement.

Simply have a look at Earl Hesterberg. The previous Nissan and Ford govt has been quietly and successfully main Group 1 Automotive Inc., one other massive publicly traded dealership group, since 2005.

Dave Versical   



Source link

Leave a Reply