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Former Fiat Chrysler CEO Marchionne dies

  • News Desk

    Reuters

Milan, Italy   /   Wed, July 25, 2018   /   11:25 pm
Former Fiat Chrysler CEO Marchionne dies FCA CEO Sergio Marchionne poses next to the new Alfa Romeo car Giulia during an event at an FCA plant in Cassino, southern Italy, November 24, 2016. REUTERS/Tony Gentile (Reuters/Tony Gentile)

Former Fiat Chrysler chief executive Sergio Marchionne has died, the carmaker's controlling family shareholder said on Wednesday.

Marchionne fell gravely ill after suffering complications following recent surgery in a Zurich hospital. He was replaced as chief executive last weekend after Fiat Chrysler (FCA) said his condition had worsened.

"Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," FCA Chairman John Elkann, of the controlling Agnelli family, said in a statement.