The news came from an announcement issued by Agnelli Family, the owner of the FCA automotive group. The FCA heir who was also an official who replace Marchionne’s position at Ferrari, John Elkann, expressed his sadness because the true friend and charismatic leader had left forever.
“Unfortunately what we fear has happened. Sergio Marchionne, a real man and friend, has been lost,” Elkann said.
The grief not only belongs to the FCA, but also to Italy. This was seen in Rome when parliamentary committees for labor and finance held a moment of silent. While at Fiat Chrysler Automobiles headquarters in Turin, Italy, flags were hoisted at half mast.
Marchionne underwent surgery on his right shoulder in June 2018 in Zurich, Switzerland. Shortly afterwards, the FCA issued a statement that based on information from the doctor who handled Marchionne, he could not return to work because of his health condition. So that the FCA immediately appointed officials while replacing Marchionne’s position on FCA and Ferrari.
See More: Sergio Marchionne Crowned as Ferrari CEO
Marchionne’s Great Service to FCA
Sergio Marchionne is a very meritorious person for the Fiat Group owned by Agnelli Family. Because He was the central figure behind the merger of Fiat and Chrysler. Not only restoring a company on way to bankruptcy, Marchionne even managed to make the FCA became the seventh largest car producer group in the world.
The man who was born in 1952 in Italy has 2 nationalities, Italy and Canada. Marchionne was appointed as one of the Board of Directors (BOD) in Fiat in May 2003. A year later, in June 2004 he was appointed as CEO. He was the first person outside the Agnelli family to sit on Fiat’s board of directors.
In 2009, Sergio Marchionne was appointed as CEO of Chrysler, to save the North American automotive brand from bankruptcy because it was disarmed by the previous owner.
Fiat acquired 20% of Chrysler’s shares, then 53.5% in 2011. Fiat and Chrysler were subsequently merged into FCA in 2014 under Marchionne’s leadership.
A Maestro who Led Great Brands
Sergio Marchionne is a legend and maestro for the automotive world. He was a charismatic leader who had great capacity and vision. He led the FCA group and directed a number of famous brands under the group such as Ferrari.
FCA is an automotive giant that houses various well-known brands, ranging from ordinary car manufacturers such as Fiat, supercars such as Ferrari, Maserati and Alfa Romeo, commercial cars to automotive industry equipment manufacturers.
The list of brands led by Marchionne with his position as CEO of FCA includes: Ferrari, Fiat, Fiat Professional, Jeep, Alfa Romeo, Chrysler, Dodge, Maserati, Lancia, Ram, Magneti-Marelli, Abart, Mopar, Dodge SRT, Comau, and Teksid.