Reuters: died former head of Fiat and Ferrari, Sergio Marchionne

ECONOMY

Basereporter.com, July 25. The former head of the Italian-American automaker Fiat Chrysler Automobiles Sergio Marchionne died in hospital in Zurich at the age of 66 years. This was reported on Wednesday by Reuters.

“Unfortunately, worst fears realized. Sergio Marchionne, the man and friend, died”, – quotes Agency the words of the Chairman of the FCA John Elkann.

On Monday, Italian media reported that Marchionne as “serious but stable”. The causes of ill health 66-year-old top-Manager is not called. It was only reported that at the end of June he underwent a shoulder surgery in the clinic of Zurich.

Previously the FCA has announced the appointment of a new chief Executive officer Mike Manley, who was succeeded by Sergio Marchionne. This personnel decision was taken at an emergency meeting of the Board of Directors on Saturday, amid a sharp deterioration of the health Marchione.

Marchionne, who worked at Fiat in 2004, has spent the internationalization of the company, by operation of the merger with U.S. automaker Chrysler. In 2006, Fiat was on the verge of bankruptcy, and now the FCA revenues reach $3.5 billion, and it is one of the world’s leading automakers. At the same time Marchionne was ruled by a member of the FCA Ferrari and a unit for the production of industrial vehicles CNH Industrial

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