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Former Ferrari Boss Sergio Marchionne Passes Away
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Former Ferrari chairman and CEO Sergio Marchionne has passed away at the age of 66 following complications from shoulder surgery.
Fiat/Chrysler Automotive officials had just confirmed a succession plan for the company on Saturday, with Mike Manley becoming CEO of FCA, John Elkann elevated to Ferrari chairman and Louis C. Camilleri named as CEO of Ferrari.
“All of us at Ferrari feel privileged to have worked alongside a courageous leader like Sergio Marchionne, a man of enormous humanity and intelligence,” Ferrari officials said in a statement. “In this moment of sadness, we join with his family in remembering him with immense affection.”
Marchionne was born in Italy in 1952 but moved to Canada with his family at age 13 and completed his education there, earning a degree in philosophy and later completing accountancy qualifications, an MBA and a law degree.
He became chairman of Ferrari in September of 2014, replacing the outgoing Luca di Montezemolo, and kept a close involvement with the marque’s Formula One team.
Under his leadership, Ferrari returned to the forefront of the F1 championship fight over the last three years, capturing 12 grand prix victories over the last three and a half seasons and ranking second in the constructor’s championship in both 2015 and 2017.
Outside of motorsports, Marchionne helped broker the merger deal between Fiat and Chrysler which was hailed by many to have saved both companies.
Marchionne is survived by longtime partner Manuela Battezzato, his estranged wife Orlandina, and two sons, Allessio Giacomo and Jonathan Tyler.
(Photo courtesy of Ferrari, SPEEDSPORT).
Fiat/Chrysler Automotive officials had just confirmed a succession plan for the company on Saturday, with Mike Manley becoming CEO of FCA, John Elkann elevated to Ferrari chairman and Louis C. Camilleri named as CEO of Ferrari.
“All of us at Ferrari feel privileged to have worked alongside a courageous leader like Sergio Marchionne, a man of enormous humanity and intelligence,” Ferrari officials said in a statement. “In this moment of sadness, we join with his family in remembering him with immense affection.”
Marchionne was born in Italy in 1952 but moved to Canada with his family at age 13 and completed his education there, earning a degree in philosophy and later completing accountancy qualifications, an MBA and a law degree.
He became chairman of Ferrari in September of 2014, replacing the outgoing Luca di Montezemolo, and kept a close involvement with the marque’s Formula One team.
Under his leadership, Ferrari returned to the forefront of the F1 championship fight over the last three years, capturing 12 grand prix victories over the last three and a half seasons and ranking second in the constructor’s championship in both 2015 and 2017.
Outside of motorsports, Marchionne helped broker the merger deal between Fiat and Chrysler which was hailed by many to have saved both companies.
Marchionne is survived by longtime partner Manuela Battezzato, his estranged wife Orlandina, and two sons, Allessio Giacomo and Jonathan Tyler.
(Photo courtesy of Ferrari, SPEEDSPORT).
