{"id":53673,"date":"2018-07-25T12:14:04","date_gmt":"2018-07-25T19:14:04","guid":{"rendered":"https:\/\/www.racingjunk.com\/news\/?p=53673"},"modified":"2018-07-25T12:14:04","modified_gmt":"2018-07-25T19:14:04","slug":"rip-sergio-marchionne-ceo-of-fca-and-president-of-ferrari","status":"publish","type":"post","link":"https:\/\/www.racingjunk.com\/news\/rip-sergio-marchionne-ceo-of-fca-and-president-of-ferrari\/","title":{"rendered":"RIP Sergio Marchionne, CEO of FCA and President of Ferrari"},"content":{"rendered":"
\"RIP
Photo courtesy Fiat Chrysler Automobiles<\/figcaption><\/figure>\n

Sergio Marchionne led life well. Until his recent shoulder surgery, the 66-year-old Marchione was the president of Ferrari and CEO of FCA, Fiat Chrysler Automobiles, singularly responsible for rescuing Fiat, Chrysler and Alfa Romeo, three storied automobile manufacturers. He also led the resurgence of Ferrari in Formula 1 after years of dormancy.<\/p>\n

Marchionne had intended to retire from Fiat in 2019 but continue on with Ferrari, and had been active in its plans for Formula 1, working on new commercial agreements and new F1 rules scheduled to take effect in 2021. His malignant shoulder tumor led to subsequent surgery some three weeks ago, when he suffered an embolism that left him comatose. There was irreversible damage to the Canadian-Italian\u2019s brain that could not be helped.<\/p>\n

\u201cUnfortunately, what we feared has come to pass,\u201d said newly-named FCA president John Elkann. \u201cSergio Marchionne, man and friend is gone.\u201d FCA appointed Mike Manley, former chief of FCA\u2019s Jeep division, as its CEO; Marchionne\u2019s management of Ferrari\u2019s racing activities, which he assumed in 2014, goes to FCA board member Louis C. Camilleri, who is non-executive chairman and former CEO of Philip Morris International, Inc.<\/p>\n

Sergio Marchionne singlehandedly brought Fiat, Ferrari and Chrysler back from the brink through his smart technical leadership of those firms, which he ruled with an iron fist; he is responsible for many of the more popular and successful newer models from FCA, such as the Dodge Hellcat Charger and Challenger, Fiat Abarth and 124 Spider and the latest Jeep products.<\/p>\n

Marchionne had been instrumental in keeping Ferrari in Formula 1 and, as he intended to continue working with the Prancing Horse after his retirement from FCA, he recently negotiated a budget cap with F1\u2019s power brokers, FIA president Jean Todd and Liberty Media\u2019s top F1 chief Chase Carey. His love of F1 was well known and he was well-regarded in that paddock. Whether his successor will continue with Kimi Raikkonen as second driver or promote Marchionne\u2019s choice, Charles Leclerc, is unknown.<\/p>\n

\u201cI hope that whoever succeeds him will understand Ferrari\u2019s value in Formula 1 and decide quickly that the team should remain in the championship,\u201d said McLaren CEO Zak Brown.<\/p>\n

Mercedes boss Toto Wolff added, \u201cThis is a sad day for all of us in F1. We have lost a huge supporter of our sport, a fierce competitor, an ally and a friend. Our heartfelt sympathies are with Sergio\u2019s family.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Sergio Marchionne led life well.<\/p>\n<\/div>","protected":false},"author":65,"featured_media":53674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3470],"tags":[3743,5614,63,5482,2847,345,1744,4631,41,2914,6117],"class_list":["post-53673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alfa-romeo","tag-anne-proffit","tag-chrysler","tag-deaths","tag-fca","tag-ferrari","tag-fiat","tag-fiat-chrysler","tag-news","tag-rip","tag-sergio-marchionne"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.racingjunk.com\/news\/wp-content\/uploads\/2018\/07\/FCA_UAW_15mtvqnbuk62svr1g1d164t5f11i-min.jpg","jetpack_shortlink":"https:\/\/wp.me\/p42YSK-dXH","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/posts\/53673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/comments?post=53673"}],"version-history":[{"count":1,"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/posts\/53673\/revisions"}],"predecessor-version":[{"id":53675,"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/posts\/53673\/revisions\/53675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/media\/53674"}],"wp:attachment":[{"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/media?parent=53673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/categories?post=53673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racingjunk.com\/news\/wp-json\/wp\/v2\/tags?post=53673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}