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Thursday, July 26, 2018

Sergio Marchionne Has Died

Sergio Marchionne

Sergio Marchionne, former CEO of Fiat Chrysler Automobiles NV, passed away Wednesday, July 25, from complications following surgery. In addition to being the CEO of FCA NV, he was also the chairman and CEO of FCA US LLC, the chairman and CEO of Ferrari and the chairman of CNH (Case and New Holland) Industrial.

John Elkann, who is the chairman who controls FCA NV and also who runs EXOR, the holding company that owns most of FCA and Ferrari among other companies, has issued a statement.

EXOR announcement
July 25, 2018 , Amsterdam - It is with the deepest sadness that EXOR has learned of the passing of Sergio Marchionne.

John Elkann said: “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone.

"I believe that the best way to honor his memory is to build on the legacy he left us, continuing to develop the human values of responsibility and openness of which he was the most ardent champion.

"My family and I will be forever grateful for what he has done. Our thoughts are with Manuela, and his sons Alessio and Tyler.

"I would ask again everyone to respect the privacy of Sergio’s family.”

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