(FASTNEWS|COLOMBO) – The former chief executive of carmaker Fiat-Chrysler, Sergio Marchionne, has died in hospital in Zurich aged 66.
He was replaced four days ago when his health worsened following complications from surgery on his right shoulder.
Mr Marchionne, who was also Ferrari’s chairman, had led the combined company for more than a decade and planned to step down next year.
Mr Marchionne has been succeeded by Briton Mike Manley, head of the Italian-American firm’s Jeep division.
“Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” said group chairman John Elkann, a member of the Agnelli family that controls the company.
