Former Fiat Chrysler, CEO, Sergio Marchionne dies

Lance Loeffler

Former Fiat Chrysler chief executive officer Sergio Marchionne has been reported to have died at a Zurich hospital.

According to Reuters News, Marchionne fell gravely ill after suffering complications following recent surgery in a Zurich hospital. He was replaced as chief executive last weekend after Fiat Chrysler (FCA) said his condition had worsened.

“Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” FCA Chairman John Elkann, of the controlling Agnelli family, said in a statement.