Monday, 19 November, 2018

Sergio Marchionne Dead At 66

Jodi Jackson | 25 July, 2018, 19:43

Former Fiat Chrysler CEO Sergio Marchionne, one of the auto industry's most tenacious and respected vehicle chiefs, has died, succumbing to complications from recent surgery.

"Sergio Marchionne, man and friend, is gone", Fiat Chairman John Elkann said in a statement.

Fiat Chrysler CEO Mike Manley has paid tribute to Sergio Marchionne, saying news of his death is "heartbreaking". He was 66. Just days ago, he stepped down from his role leading one of the world's largest vehicle companies due to health problems.

'He taught us to think differently and to have the courage to change, often in unconventional ways, always acting with a sense of responsibility for the companies and their people, ' said Elkann.

In 2009, he merged Fiat with United States automaker Chrysler, then hived off its industrial vehicles unit in 2011 to create CNH Industrial and successfully spun off the luxury brand Ferrari in January 2016.

"With Sergio Marchionne Italy loses not only the most brilliant of its managers, but one of the symbolic figures of our country".

The orchestration of the Fiat-Chrysler merger in 2014 was seen as the height of his achievement, and in recent years he had switched the strategy of the company to focus on SUVs, particularly from the Jeep brand.

Cape Town - Former Ferrari boss Sergio Marchionne has passed away after a brief illness.

Marchionne was hastily replaced at the helm of the Italian American automaker on Saturday after the company announced he had suffered unexpected complications from surgery that prevented his return.

A chartered accountant and attorney with dual Canadian and Italian citizenship, Marchionne began his career in Canada at Deloitte & Touche, then moved on to packaging producer Lawson Group. He later consolidated his reputation as a turnaround specialist at SGS SA, a Geneva-based product-testing company at the time controlled by the Agnelli family.

He leaves behind his partner, Manuela Battezzato, who works in FCA's press office, along with two children, Alessio and Tyler, from estranged wife Orlandina.

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