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2018 F1

Ex Ferrari president Sergio Marchionne dies after suffering complications following surgery

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Former Ferrari boss Sergio Marchionne has died aged 66, following suffering complications following recent surgery in a Zurich hospital

Last week it was reported that Marchionne had resigned from his role at Fiat chief, the company quoting illness as the reason for his departure.

He fell gravely ill after what the company had described as shoulder surgery in a Zurich hospital just days after he was replaced as chief executive after Fiat Chrysler (FCA) said his condition had get worse.
Today he passed away – “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” FCA chairman John Elkann said in a statement.

“I believe that the best way to honor his memory is to build on the legacy he left us, continuing to develop the human values of responsibility and openness of which he was the most ardent champion.

“My family and I will be forever grateful for what he has done. Our thoughts are with Manuela, and his sons Alessio and Tyler. I would ask again everyone to respect the privacy of Sergio’s family.”

Marchionne, who was also the Chairman and CEO of Fiat Chrysler Automobiles, had been running Ferrari since taking over from Luca de Montezemolo in 2014.

On Saturday, FCA named Jeep division head Mike Manley as chief executive at the world’s seventh-largest carmaker, saying the 54-year-old Briton would execute a new mid-term strategy that Marchionne had outlined in June.

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