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Sergio Marchionne, the former chairman of Ferrari and CEO of Fiat Chrysler Automobiles, has died in a hospital in Switzerland at age 66 after complications from shoulder surgery.

Marchionne, who was born in Chieti, Italy and raised in Toronto, Ontario, was set to retire next year. He attended the University of Toronto, the University of Windsor and York Univeristy.

He became an auto legend credited for saving Fiat and Chrysler from bankruptcy and making them into profitable companies. Marchionne, known for his trademark navy blue sweaters, was respected for his confident decision-making and incredible work ethic.

President of Italy Sergio Mattarella said that Marchionne “wrote an important page in the history of Italian industry."
 

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Sergio Marchionne

I first heard the breaking news on Saturday a.m. that he had been replaced at Fiat and Ferrari due to complications after surgery. I knew at that time that his death was imminent to make an announcement like that over the weekend and not knowing any of the mixture of details that have since been released.

I was surprised to learn from Bloomberg News that he was an accountant that had served with Deloitte Touche and also an attorney. Apparently, he served his suit and tie days in those professions and took on a more casual attire in the auto industry. It certainly explains why he was able to turn around companies, not only automotive, but pharmaceutical. He described himself as a "corporate fixer."

Link: https://www.bloomberg.com/news/articles/2018-07-25/fiat-s-founding-family-puts-a-jeep-selling-brit-behind-the-wheel

He will be missed and it will be interesting to see how much of his forward planning will remain or be changed with new unexpected leadership.
 

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Goes to show - sheer determination, talent, and money might save a company, but maybe not a life.
So go enjoy your Alfas today, while you still can. For some of us, it's thanks to him that we are able to do so.

He truly was a larger than life figure - and will leave a huge sweater-shaped hole at FCA.

Godspeed, Sergio!
 

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Far to young to die, especially for one with so much more to give, create and unleash in others. I hope he enjoyed his life, I’m guessing he did but I truely hope he was loved/enjoyed. Thoughts to his family and friends
 
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On Fox Business News this morning Bob Nardelli said that Sergio had kept quiet about a serious condition for some time and that the surgery was his last hope.
 

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Unfortunately PMD has never had the experience of working for a corporate Italian company and Marchionne was no different to most of the Italian CEO’s of Pirelli, De’Longhi, Luxottica, Prada, Prysmian along with a very long list of other Italian companies regarding their blantant confidence and passion in what they think is the best way forward for their businesses. Plus their workload demands on their loyal teams is relentless, all for the common goal/passion. It’s an ‘Italian Experience’!!

RIP SM.
 

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Unfortunately PMD has never had the experience of working for a corporate Italian company and Marchionne was no different to most of the Italian CEO’s of Pirelli, De’Longhi, Luxottica, Prada, Prysmian along with a very long list of other Italian companies regarding their blantant confidence and passion in what they think is the best way forward for their businesses. Plus their workload demands on their loyal teams is relentless, all for the common goal/passion. It’s an ‘Italian Experience’!!

RIP SM.
Agree.

I don’t know who the author or editor of that *****-rag are or what they have ever accomplished, but I’m betting they did’t take command of a debt-ridden and nearly bankrupt company with a value of US$6.9 Billion in 2004 and turn it into a debt-free automotive powerhouse with market capitalization of nearly US$60 Billion today.

Those who can, do. Those who can’t, just write about it as if they could have done better!
Sergio could. And he proved it. Might have pissed off a lot of people, but he also made a lot of money for his shareholders and employees. That was his job, and he did it admirably!
 
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