This is sad news indeed. Only days after a learning that Mr. Marchionne, aged 66, was going to be succeeded in his tasks as Chairman and CEO of FCA, he died due possibly to an embolism that led to a coma, following shoulder surgery.
Sergio Marchionne rose to his position through passion, experience and an uncanny openness in a business where secrecy is paramount. He was universally appreciated and respected.
We Canadians felt especially proud of Mr. Marchionne as, although born in Italy in 1952, he moved to Toronto with his family when he was 13. His ability to be approachable despite his positions as Former Ferrari chairman and his involvement in F1 was unmatched. He eearned a degree in philosophy, accountancy qualifications, an MBA and a law degree. It’s no small wonder why and how he rose through the ranks immediately after joining Fiat in 2003.
A few years ago, Mr. Marchionne was a guest speaker at the Canadian International Auto Show where he addressed the gathered media with his usual verve and frankness. Listening to a person of this caliber is always a treat and inspiring.
He will be missed.