Sergio Marchionne, the former chief executive officer of Fiat Chrysler and architect of the automaker’s dramatic turnaround, has died. He was 66.
Marchionne died on Wednesday at a Zurich hospital, just days after he had been replaced as CEO, according to Exor NV, the holding company of Fiat’s founding Agnelli family. His health had declined suddenly following complications from shoulder surgery, according to people familiar with the situation.
During his tenure at Fiat, Marchionne boosted the company’s value more than 10-fold by restructuring the auto business and separating assets.