RIP Sergio Marchionne
Sergio Marchionne, the former chief executive officer of Fiat Chrysler and architect of the automaker’s dramatic turnaround, has died. He was 66.
His death was confirmed Wednesday by Exor NV, the holding company of Fiat’s founding Agnelli family, just days after Marchionne was replaced as CEO.
His health had declined suddenly following complications from shoulder surgery.
Marchionne was handed an automaker that lost more than $7 billion in 2003. By 2005, he had returned the company to a profit by wringing some $2 billion.
Check out this 60 Minutes interview where Marchionne talks about the turn around and his relationship with co-workers..
Hey It’s Ryan, let me start off by saying…YES, I was born and raised in Wixom, Michigan although a lot of listeners like to joke that I am from Arizona. WCSX has always been my radio home, I have been at the station since I was a 23-year-old intern, co-host of Big Jim’s House, married with kids. Family and radio are what I love, but don’t get me started on golf!
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