Automotive industry pays tribute to Sergio Marchionne

26 July 2018

26 July 2018

The automotive world has paid tribute to former Fiat Chrysler (FCA) CEO Sergio Marchionne, who passed away on Wednesday.

Marchionne had been forced to give up his position at the helm of FCA on Sunday, due to ill health as a result of complications resulting from recent surgery on his shoulder. He was 66.

FCA held its second-quarter results conference call on the day the news was announced. Marchionne was expected to present his future vision for the group, including a push for electric vehicle models by 2022. During the call, New CEO Mike Manley, who was appointed on Monday, said: ′This morning’s news is heart-breaking. … There is no doubt that Sergio was a very special unique man and there is no doubt that he’s going to be sorely missed.’

CFO Richard Palmer added: ′I just want to echo Mike’s comments regarding Sergio. He was a unique human being. I am very grateful personally to have worked alongside him over the last 12 years.’

The European Automobile Manufacturers’ Association (ACEA), in a statement, expressed its ′profound sadness’ on the passing of Marchionne. The Italian was a member of the industry body’s board since 2004 and served as president from 2006-2007 and again from 2012-2013.

′We are deeply shocked to lose one of the longest-standing members of our Board of Directors,’ stated ACEA President, Carlos Tavares. ′As well as being an inspiring business leader of FCA, Marchionne was highly active within ACEA, where he always showed an incredible passion and energy for our industry, commanding enormous respect from his peers.’

Bill Ford, executive chairman of Ford Motor Company, said in a statement: ′Sergio Marchionne was one of the most respected leaders in the industry whose creativity and bold determination helped to restore Chrysler to financial health and grow Fiat Chrysler into a profitable global automaker. His extraordinary leadership, candour and passion for the industry will be missed by everyone who knew him. Our thoughts and prayers go out to his family at this difficult time.’

Carlos Ghosn, CEO of Renault-Nissan-Mitsubishi, added: ′Our entire team were saddened to learn of the death of Sergio Marchionne. At this difficult time, we would like to express our sympathies to the Marchionne family, to our colleagues at Fiat Chrysler, Ferrari and CNH International.’

Finally, General Motors CEO Mary Barra commented: ′We offer our condolences to Sergio Marchionne’s family and friends. Sergio created a remarkable legacy in the automotive industry. Our thoughts are also with our industry colleagues at Fiat Chrysler as they deal with this sudden loss.’