įrom 1990 to 1992, he was Vice President of Finance and Chief Financial Officer at Acklands Ltd. In 1989, he moved to Glenex Industries where he worked for two years as Executive Vice President. From 1985 to 1988, he was Group Controller and then Director of Corporate Development at the Lawson Mardon Group in Toronto. Career įrom 1983 to 1985, he worked as an accountant and tax specialist for Deloitte & Touche in Canada. He received an honorary doctorate from Walsh College (2013). Michael's College School, before completing his undergraduate studies in philosophy at the University of Toronto and earning a bachelor of commerce degree (1979) and an MBA (1985) from the University of Windsor as well as a law degree from Osgoode Hall Law School of York University (1983). Marchionne was a Canadian certified general accountant (FCGA), barrister, and a fellow of the Certified General Accountants of Ontario. Carrying dual Canadian and Italian citizenship, he spoke fluent English, French and Italian. Īt 13, Marchionne emigrated with his family to Toronto, Ontario, Canada, where they had relatives. In 1945, when the region was liberated by the Yugoslav army, Marchionne's parents moved to Chieti in Abruzzo, where Sergio was born. Marchionne's grandfather, Giacomo Zuccon, was killed in September 1943 by Yugoslav Partisans near Barban in Istria, while his uncle Giuseppe Zuccon was killed by German troops the same year. His father served as a Carabiniere in Istria, where he met his future wife. Marchionne was born in Chieti, Abruzzo, Italy, the son of Concezio Marchionne, from Cugnoli (Abruzzo), and Maria Zuccon from Carnizza (today Krnica, Croatia) near Pula in Istria. The American business channel CNBC described Marchionne as a "legend of automotive industry", while the British newspaper Financial Times considered him as having been "one of the boldest business leaders of his generation". įollowing complications from surgery, Marchionne resigned from all of his positions in July 2018 and died a few days later.
In 2014, Fiat and Chrysler merged into a new holding company, Fiat Chrysler Automobiles, now the seventh-largest automobile manufacturer in the world.
Less than two years later, following its emergence from Chapter 11, Chrysler returned to profitability, repaying some of its government loans. and Canadian governments and trade unions. In 2009, he was instrumental in Fiat Group forming a strategic alliance with the ailing US automaker Chrysler, with the support of the U.S. Marchionne was widely recognized for turning around Fiat Group to become one of the fastest-growing companies in the auto industry, in less than two years. Noted for his keen observations of the automotive industry, Marchionne's insights ranged from frank criticism of his company's own products to a highly regarded 2015 presentation titled Confessions of a Capital Junkie, extolling the benefits of industry consolidation. He was a member of the Peterson Institute for International Economics, and the chairman of the Italian branch of the Council for the United States and Italy. He was the chairman of Swiss-based SGS and vice chairman of UBS from 2008 to 2010, as well as the chairman of the European Automobile Manufacturers Association for 2012 (first elected in January 2006). Marchionne was the chairman of CNH Industrial, the chief executive officer (CEO) of Fiat Chrysler Automobiles, the chairman and CEO of FCA US LLC, the chairman and CEO of Ferrari, and the chairman of Maserati. Sergio Marchionne ( Italian: J– July 25, 2018) was an Italian-Canadian businessman, widely known for his turnarounds of the automakers Fiat and Chrysler, his business acumen and his outspoken and often frank approach, especially when dealing with unpalatable issues related to his companies and the automotive industry.