Sergio Marchionne, the former head of Fiat Chrysler Automobiles (FCA), has died.
Marchionne, 66, suffered complications from a recent shoulder surgery at a hospital in Zurich, Switzerland, and was replaced as CEO last weekend when his ill health prevented him from continuing in a leadership role.
“Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” confirmed FCA chairman John Elkann, of the controlling Agnelli family, in a statement.
The Italian-Canadian had been CEO of Fiat since 2004 and led FCA following Fiat and Chrysler’s merger in 2011. He was due to step down as CEO next year.
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