Automotive industrialist and former FCA chief Sergio Marchionne has died, aged 66. His death has been confirmed by the Agnelli family investment company and FCA stakeholder Exor.
Marchionne’s death follows a recent serious deterioration in his health following complications after surgery to his shoulder. He was replaced as CEO of FCA by Jeep boss Mike Manley last weekend. Reports in Italy said he has been in a coma.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Exor boss John Elkann said in a statement: “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone.
“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.”
See also: Marchionne steps down as FCA chief on ill health
