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
Load comments

About this article

Series Formula 1
Teams Ferrari
Author Adam Cooper
The toe-in-water origins of Lotus’s groundbreaking F1 journey Plus

The toe-in-water origins of Lotus’s groundbreaking F1 journey

In the first part of our history of Lotus, DAMIEN SMITH recalls how Formula 1 wasn’t an immediate priority for team founder Colin Chapman – but once he got a taste for it he just couldn’t stop…

How Hamilton’s qualifying record compares to Senna and Schumacher Plus

How Hamilton’s qualifying record compares to Senna and Schumacher

Lewis Hamilton has just become the first driver to record 100 world championship Formula 1 pole positions. Time to revisit a debate we discussed when he reached 150 front row starts in 2020.

Formula 1
May 8, 2021
Why sustainability is being mandated by F1 Plus

Why sustainability is being mandated by F1

Continuing to be socially acceptable as public views shift globally is vitally important to the future of motor racing, says PAT SYMONDS - especially in Formula 1, the championship that represents the technological peak

Formula 1
May 8, 2021
The Barcelona practice times that prove Red Bull's title credentials, and heap pressure on Verstappen Plus

The Barcelona practice times that prove Red Bull's title credentials, and heap pressure on Verstappen

Lewis Hamilton and Mercedes led the way in Friday practice for the 2021 Spanish Grand Prix, but there was one big encouraging sign for Red Bull. The trouble is, it looks like making good on that gain will require its superstar driver to avoid repeating a mistake made today that left him well down the FP2 order

Formula 1
May 7, 2021
Why McLaren doesn’t doubt Ricciardo can escape his ‘dark’ place Plus

Why McLaren doesn’t doubt Ricciardo can escape his ‘dark’ place

Three points finishes from as many starts represents a decent opening innings on paper, but Daniel Ricciardo has endured a tough start to his McLaren career - only magnified his team-mate's excellent form. Yet both he and the team have good reason to expect a turnaround soon

Formula 1
May 6, 2021
What needs to “change” for Red Bull is ending Verstappen’s errors Plus

What needs to “change” for Red Bull is ending Verstappen’s errors

OPINION: Going up against the dominant force of Mercedes and Lewis Hamilton was always going to demand the best from Red Bull and Max Verstappen. But after making a couple more errors during the Portuguese Grand Prix, the Dutch driver showed there's a small gap he still needs to close in the 2021 Formula 1 title fight

Formula 1
May 5, 2021
The "subtle" Red Bull upgrades that kept it in the Portugal F1 mix Plus

The "subtle" Red Bull upgrades that kept it in the Portugal F1 mix

Red Bull's Portuguese Grand Prix fortunes were decidedly second best to Mercedes', but the result skews the potential that the team had at Portimao. With a new set of updates, the team looks good going forward into the rest of 2021's spicy F1 competition

Formula 1
May 3, 2021
Portuguese Grand Prix Driver Ratings Plus

Portuguese Grand Prix Driver Ratings

The 2021 Portuguese GP will for several drivers go down as a weekend of missed opportunities amid imperfect track conditions that caused struggles with tyre warmup. But the performances of a select few stood out from the crowd

Formula 1
May 3, 2021