Much is still unknown about the condition of former Fiat Chrysler Automobiles CEO Sergio Marchionne as he undergoes treatment at University Hospital in Zürich, Switzerland. The 66-year-old executive, who was set to retire next year, underwent surgery on his right shoulder early in June, but as Reuters reports, complications arose after the procedure, rendering Marchionne comatose and putting him on a ventilator.
The former FCA chief executive, who was hastily replaced in his role by former Jeep/Ram Brand Head Mike Manley over the weekend, has been in a coma since Friday, according to Italian media outlets, and attempts to get him to breathe without the aid of a ventilator have been unsuccessful.
Marchionne has led Italian automaker Fiat since 2004, and is widely credited for Chrysler’s decisive turnaround following his installment as CEO of that automaker after the Fiat Group acquired a 20-percent stake. The two officially merged in 2014, and under Marchionne, Fiat Chrysler has managed to rid itself of all outstanding industrial debt, while greatly expanding the footprints of its Italian brands in the United States with the introduction of the Maserati Ghibli and Levante, Alfa Romeo Giulia and Stelvio, and Fiat 500.
Marchionne’s replacement as CEO of FCA, Mike Manley, has overseen dramatic sales growth at Jeep since he was tapped to lead that brand in June of 2009. US sales just about tripled in the years following his appointment, and last week, it emerged that Jeep had eclipsed 1-percent market share in the European market for the first time, growing by nearly 60 percent for the first six months of 2018 (versus the same period in 2017).
Sergio Marchionne, who was also Chairman and CEO of Ferrari, has been replaced in those roles by FCA Chairman John Elkann and former Philip Morris Chairman and CEO Louis Camilleri, respectively.