Sergio Marchionne, the former CEO of Fiat Chrysler Automobiles, has died.
Marchionne, who took over the reins of Fiat in 2004 amid that brand’s struggles, was seen as integral to the survival of Chrysler and its subsidiaries following their collapse in 2008 and 2009. Since then, an infusion of cash and new products has turned both Fiat and Chrysler into competitive entities in the auto market, including the extremely valuable Jeep and Ram brands.
Marchionne died of complications stemming from a surgery he had on his shoulder early this month. Reportedly, the procedure was intended to repair an invasive sarcoma, but the auto executive developed a cerebral embolism that put him into a coma, according to Automotive News. On July 21, Fiat Chrysler Automobiles announced Marchionne would not return to work and that Mike Manley, head of Ram and Jeep brands, would assume his duties. Manley had already been tapped to take over for Marchionne, whose original plan was to hand the reins over upon retiring in April 2019.
Our friends at Motor Trend have written a beautiful tribute to Marchionne and his work in the automotive industry. The Truck Trend Network and Four Wheeler Network extend our deep sympathies to his family, as well as to his friends and colleagues at Fiat Chrysler Automobiles.
Sources: Motor Trend and Automotive News