Former Ferrari chief Sergio Marchionne dies

Former Ferrari chairman and CEO Sergio Marchionne has passed away at the age of 66, just days after the company announced a succession plan

Former Ferrari chief Sergio Marchionne dies

Marchionne had entered hospital for a shoulder operation, but after surgery his condition deteriorated rapidly, with reports suggesting that an embolism had led to a coma.

On July 21 Ferrari reported that it had "learned with deep sadness during its meeting today that chairman and CEO Sergio Marchionne will be unable to return to work." It was announced that John Elkann would become chairman, and Louis C Camilleri was named as CEO.

In a statement issued on Wednesday Elkann, the grandson of former Fiat boss Gianni Agnelli, said: "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."

F1 CEO Chase Carey described Marchionne as "a great leader of not just Formula 1 and the automobile world, but the business world overall.

"He led with great passion, energy and insight, and inspired all around him.

"His contributions to Formula 1 are immeasurable.

"He was also a true friend to all of us and he will be deeply missed."

Mercedes team boss Toto Wolff called Marchionne's death "a sad day for all of us in F1. We have a lost a huge supporter of our sport, a fierce competitor, an ally and a friend".

The colourful and charismatic Marchionne became chairman of Ferrari in September 2014, replacing Luca di Montezemolo.

Despite his other commitments Marchionne had a close involvement with the Formula 1 programme, and was behind the decision to replace team principal Marco Mattiacci with Maurizio Arrivabene just two months later.

He took a keen interest in the driver choices, and was a supporter of Charles Leclerc. He also steered the Alfa Romeo/Sauber deal.

Marchionne played an important role in the bigger picture of F1's future, seeking an informal political alliance with Mercedes, and making it clear that Ferrari did not want to see a 'dumbing down' of the engine regulations.

He was reportedly very vocal in Strategy Group meetings and other gatherings of F1's main players.

In the wider world Marchionne was known for brokering the alliance between Fiat and Chrysler and turning both companies around.

Born in Italy in 1952, he moved with his family to Canada when he was 13, completing his education there.

He initially earned a degree in philosophy before adding accountancy qualifications, an MBA and a law degree to his CV.

Marchionne worked in a variety of companies in legal and management roles before first joining Fiat as an independent director in 2003. He became CEO the following year.

shares
comments
Fresh Red Bull/Renault F1 tension over Daniel Ricciardo's new parts
Previous article

Fresh Red Bull/Renault F1 tension over Daniel Ricciardo's new parts

Next article

How Red Bull followed McLaren's Formula 1 design lead

How Red Bull followed McLaren's Formula 1 design lead
The inconvenient questions posed by Vettel’s Williams run Plus

The inconvenient questions posed by Vettel’s Williams run

Sebastian Vettel's demo laps on board his own Williams FW14B was not only a great spectacle for the fans, but were carried out with a fully sustainable, carbon-neutral fuel. And it begs the question - for all of the money F1 has spent on championing hybrids and electric components, could it go back to V8s or V10s with a similar kind of fuel?

The pioneering pair who brought a new glory era to an F1 heavyweight  Plus

The pioneering pair who brought a new glory era to an F1 heavyweight 

With the team’s founder now retired and a new boss at the helm, change was coming to Brabham – change that would shape the future of Formula 1. In the third part of our four-part history of Brabham, DAMIEN SMITH examines the effect Bernie Ecclestone had on the team

The combination behind the Silverstone racing battles Hamilton called "F1 at its best" Plus

The combination behind the Silverstone racing battles Hamilton called "F1 at its best"

OPINION: The late battling in the British Grand Prix wowed Formula 1 fans and surely represents the best racing action of the season so far. And there was a cocktail of factors that created the action, from which Carlos Sainz emerged as a popular new winner

Formula 1
Jul 6, 2022
How Ferrari’s Monaco headache became its Silverstone migraine Plus

How Ferrari’s Monaco headache became its Silverstone migraine

OPINION: Ferrari won the British Grand Prix with Carlos Sainz, but it ultimately cost Charles Leclerc a chance to make a bigger dent in Max Verstappen's title lead by leaving the Monegasque out on old tyres towards the end. Like Monaco, indecision over strategy proved to be the Scuderia's biggest issue - and if the team doesn't reflect, the headache can only intensify

Formula 1
Jul 5, 2022
The five factors behind Sainz winning a British GP he’d twice lost Plus

The five factors behind Sainz winning a British GP he’d twice lost

Formula 1 has a newest race winner, in a grand prix the victor appeared to have lost twice, only to charge back to headline a sensational and dramatic British Grand Prix. From a massive start crash to a late sprint finish, here’s how five factors saw Carlos Sainz take his maiden grand prix win

Formula 1
Jul 4, 2022
Why there was no case to answer in Aston’s latest F1 copycat saga Plus

Why there was no case to answer in Aston’s latest F1 copycat saga

The appearance of a revised Aston Martin in Spain caused controversy but PAT SYMONDS explains why the FIA investigation found the Silverstone team had no case to answer

Formula 1
Jul 3, 2022
Why it's Red Bull that really leads a three-way fight so far at Silverstone Plus

Why it's Red Bull that really leads a three-way fight so far at Silverstone

After a slow start to Friday at Silverstone, all the Formula 1 teams had to effectively cram in a day’s worth of practice into one hour. But there was still plenty to learn and while Ferrari topped the times, a three-way battle is brewing ahead of the British Grand Prix

Formula 1
Jul 2, 2022
Why the future is bright for the British GP Plus

Why the future is bright for the British GP

It wasn’t so long ago the situation looked bleak at Silverstone with the future of the British Grand Prix under threat. But a transformation has seen it restored to one of the most important races on the Formula 1 calendar, with bigger and better to come

Formula 1
Jul 1, 2022