• Fiat Chrysler CEO Sergio Marchionne dies aged 66 following surgery complications
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Sergio Marchionne, the former chief executive officer of Fiat Chrysler and architect of the automaker’s dramatic turnaround, has died. He was 66. Marchionne died on Wednesday at a Zurich hospital, just days after he had been replaced as CEO, according to Exor NV, the holding company of Fiat’s founding Agnelli family. His health had declined suddenly following complications from shoulder surgery, according to people familiar with the situation. “Sergio Marchionne, man and friend, is gone,” Fiat Chairman John Elkann said in a statement. “My family and I will be forever grateful for what he has done,” said Elkann, who is also chairman and CEO of Exor. ... Marchionne was handed an automaker that lost more than 6 billion euros ($7 billion) in 2003. By 2005, he had returned the company to a profit by wringing some $2 billion from an alliance with General Motors Co., laying off thousands of workers, introducing new models, and slashing the time it took to get a new car to market to just 18 months, from four years. https://www.bloomberg.com/news/articles/2018-07-25/sergio-marchionne-ceo-who-steered-fiat-chrysler-dead-at-66
Sergio Marchionne, who saved Chrysler and Alfa Romeo has passed ..
Oops, searched for fiat and didn't find anything. Oh well, please delete.
"laying off thousands of workers" Not sure if I'd put that into an obit when trying to make him seem like a good guy.
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