Fiat Chrysler Automobiles has announced that two funeral services – one in the United States, and one in Italy – have been planned for late CEO Sergio Marchionne, who passed away on July 25th at the age of 66 after suffering complications during a surgical procedure on his right shoulder. Reports indicate that the deceased chief executive sought treatment for an invasive sarcoma, experiencing a cerebral embolism while undergoing surgery.
Marchionne, who oversaw Fiat’s purchase of a bankrupted Chrysler from the US government, and later the two companies’ merger into Fiat Chrysler Automobiles, was set to retire next April.
Sergio Marchionne’s Italian funeral service will be open to the public, and will be held on September 14th at 11am at Turin Cathedral near FCA’s Italian headquarters. His service in the United States will be held nearly two weeks later on September 27th, at FCA’s Auburn Hills, Michigan headquarters. It’s uncertain whether that service will be open to the public; according to a company spokesperson, the company is still working out the details of the two services.
Marchionne has been replaced as CEO of Fiat Chrysler Automobiles by former Jeep/Ram brand head Mike Manley, and as CEO of Ferrari by former Philip Morris executive Louis Camilleri. Both appointments were announced promptly on July 21st after the FCA board learned of Sergio Marchionne’s irreversible condition; the cerebral embolism he reportedly suffered during his operation left the automotive executive comatose with little to no chance of recovery.
According to University Hospital Zürich, Marchionne had been receiving treatment there for his sarcoma for over a year prior to his passing.
Sergio Marchionne was one of the longest-serving CEOs in the automotive industry, having first been appointed as CEO of Fiat Group in 2004, and of Chrysler in 2009. He is credited with saving both companies from the brink of oblivion, and was perhaps the most vocal proponent of further industry consolidation as a means of reducing costs and bolstering profitability.