Ferrari F1 chief and chairman of Fiat Chrysler credited with rescue of Italian carmaker dies aged 66
Sergio Marchionne, former CEO of Fiat Chrysler, has died following complications from shoulder surgery, aged 66.
The Italian, who stepped down from his role on Saturday, had a major hand in the management of Ferrari’s Formula 1 team, negotiating its continued participation in the sport with Liberty Media.
His passing was confirmed by Fiat Chrysler holding company Exor NV today (Wednesday) via a statement from Fiat Chrysler chairman John Elkann.
It read: “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone.
“I believe that the best way to [honour] his memory is to build on the legacy he left us, continuing to develop the human values of responsibility and openness of which he was the most ardent champion.
“My family and I will be forever grateful for what he has done. Our thoughts are with Manuela, and his sons, Alessio and Tyler.
“I would ask again everyone to respect the privacy of Sergio’s family.”
Motor Sport extends its condolences to his family and friends.
Laurent Mekies arrives as Red Bull F1 team principal with a series of immediate challenges to solve and long-term issues to tackle. He'll either sink or swim, says Mark Hughes
Former McLaren F1 team-mates Mika Häkkinen and David Coulthard are set to renew old rivalries in a new Evening with... tour – they told James Elson all about it
In Formula 1, driver contracts may look iron-clad on paper, but history shows that some of its biggest stars have made dramatic early exits
Former McLaren F1 ace told James Elson about his private audience with The Beatles' George Harrison, who played an unreleased grand prix-themed song