Fiat Chrysler’s Sergio Marchionne dies after complictions from surgery
Milan — Former Fiat Chrysler CEO Sergio Marchionne, one of the car industry’s most tenacious and respected vehicle chiefs, has died, succumbing to complications from recent surgery. The car maker’s controlling family shareholder confirmed news reports of his death on Wednesday, without giving the cause of death or saying when he had died. Marchionne fell gravely ill after what the company had described as shoulder surgery in a Zurich hospital. He was replaced as CEO last weekend after Fiat Chrysler said his condition had worsened. "Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," Fiat Chrysler chairman John Elkann, scion of the controlling Agnelli family, said in a statement. Marchionne rescued Fiat and Chrysler from bankruptcy after taking the wheel of the Italian car maker in 2004, and he multiplied Fiat’s value 11 times through 14 years of canny deal-making. He was due to step down at Fiat Chrysler in April 2019. "The best way to honor ...
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