Marchionne being treated in Zurich’s University Hospital

by SpeedLux
CEO Sergio Marchionne

Fiat Chrysler CEO Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness as he was suffering complications after shoulder surgery.

A Fiat Chrysler spokesman verified Marchionne was in Zurich’s University Hospital, which is among the country’s largest medical centers.

The spokesman did not offer details about the CEO’s condition or name in which of the hospital’s 43 divisions he was being treated.

Fiat Chrysler named its Jeep division boss Mike Manley on Saturday to head immediately.

SGS, the Swiss logistics services company, also stated on Sunday that it had named a new acting chairman to take over for Marchionne, because his illness prevented him from fulfilling the role’s duties.

SGS stated it was “deeply saddened” by the news, just like Lausanne, a Switzerland-based Philip Morris International, where Marchionne is also on the board.

Marchionne was credited with saving Fiat and Chrysler from bankruptcy after taking the automaker’s wheel in 2004. On Saturday he was further replaced as chairman and CEO of Ferrari and chairman of tractor maker CNH Industrial – both spun off from FCA recently.

In additional management changes associated to Marchionne’s illness, Ferrari named FCA Chairman and Agnelli family scion John Elkann as new chairman, where as board member Louis Camilleri becomes chief executive.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More