Swiss hospital says it treated former Fiat Chrysler CEO Marchionne for more than a year

Image
Reuters ZURICH
Last Updated : Jul 26 2018 | 10:15 PM IST

ZURICH (Reuters) - Former Fiat Chrysler Chief Executive Sergio Marchionne was having treatment for a serious illness for more than a year before his death on Wednesday, University Hospital Zurich (USZ) said on Thursday.

"Mr. Sergio Marchionne was a patient at USZ. Due to serious illness, he had been the recipient of recurring treatment for more than a year," the hospital said in a statement.

"Although all the options offered by cutting-edge medicine were utilized, Mr. Marchionne unfortunately passed away."

The announcement of the death of Marchionne, 66, one of theauto industry's most tenacious and respected CEOs, drew tributesfrom rivals and tears from his closest colleagues on Wednesday.

Marchionne had fallen gravely ill after what the company haddescribed as shoulder surgery at a Zurich hospital. He was replaced as chief executive last weekend after Fiat Chrysler (FCA) said his condition had worsened.

University Hospital Zurich declined to comment on Marchionne's illness, but said it deeply regretted his death and expressed its condolences to his family.

Fiat Chrysler had no immediate comment. Exor, the holding company of the Agnelli family which holds controlling stakes in FCA and Ferrari, both led by Marchionne until last Saturday, could not immediately be reached for comment.

(Reporting by John Revill; Additional reporting by Agnieszka Flak in Milan; Editing by Alexandra Hudson)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 26 2018 | 10:06 PM IST

Next Story