Sergio Marchionne Has Died
Wednesday July 25th, 2018
Posted at 6:44am
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Last updated: Wednesday July 25th, 1:39pm
Sergio Marchionne, credited with turning Chrysler around has died. He was 66.
It was announced on Saturday that Marchionne suffered unexpected complications while was recovering from surgery, and that he would not return as head of FCA and the company named Mike Manley as CEO.
Marchionne was appointed CEO in 2004 of Fiat.
In June 2009, when Chrysler emerged from Chapter 11 bankruptcy protection, Fiat Group received a 20% stake in Chrysler Group and Marchionne was appointed CEO, replacing existing CEO Robert Nardelli.
In July 2011 Fiat’s stake in Chrysler increased to 53.5% and in September 2011, Marchionne was also elected Chairman of Chrysler. Fiat and Chrysler officially merged under Marchionne’s leadership on August 1st, 2014.
He is survived by his former wife Orlandina, his current partner Manuela and his two adult sons.
Windsor Mayor Drew Dilkens has ordered flags at all City of Windsor locations to be lowered to half-mast “in honour of the commitment and dedication shown by Sergio Marchionne to the City of Windsor and our residents.”
A book of condolences will be available in the lobby of City Hall for anyone wishing to express their thoughts and sympathies.