Mar­chionne Passes Away

Car India - - BULLETIN -

We are sad­dened to hear about the pass­ing of Ser­gio Mar­chionne, CEO of FIAT Chrysler Au­to­mo­biles (FCA) and Fer­rari. Mar­chionne was se­verely ill fol­low­ing com­pli­ca­tions aris­ing from a re­cent surgery that ren­dered him un­able to con­tinue to work and the group sought re­place­ments a few days be­fore his pass­ing.

A num­ber of changes have re­sulted, with Mike Man­ley, the for­mer head of Jeep, now at the helm as CEO of FCA. John Elkann, the cho­sen heir of his grand­fa­ther, Gianni Agnelli, in con­trol of FIAT, tak­ing over as Chair­man of Fer­rari, while Louis C Camil­leri has been ap­pointed as Chief Ex­ec­u­tive Of­fi­cer of Fer­rari.

Mar­chionne took over as the CEO of the FIAT Group in 2004 and was in­stru­men­tal in the al­liance with a then strug­gling Chrysler in 2009, a move that ended up as a merger, FCA, in 2014. The resur­gence of Chrysler is vastly at­trib­uted to him, as they went from the dol­drums to post prof­its within two years, even­tu­ally turn­ing into the sev­enth largest au­to­mo­bile man­u­fac­turer in the world.

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