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Jeep chief named Fiat Chrysler CEO

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Fiat Chrysler Automobiles named the head of its Jeep and Ram brands as CEO of the entire company.

Mike Manley succeeds Sergio Marchionne, who exited the job after 14 years over complications from shoulder surgery.

Marchionne’s health has “worsened significantly in recent hours,” and he will be unable to return to work, company officials said.

Read more from Fortune.

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