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Back to the NewsSergio Marchionne saviour of Fiat has passed away
Wednesday 25th July 2018Mr Marchionne saved motor manufacturer Fiat by creating The Fiat Chrysler Automobile Group. He rebranded the group and reversed the fortune of the Fiat and Alfa Romeo brand.
It was announced at the weekend that he was being replaced as Ferrari Chairman when his health worsened following complications from surgery on his right shoulder.
Mr Marchionne, had led the combined company for more than a decade and planned to step down next year.
Mr Marchionne has been succeeded by Briton Mike Manley, head of the Italian-American firm's Jeep division.
"Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," said group chairman John Elkann, a member of the Agnelli family that controls the company.
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