Former CEO of car manufacturer Fiat-Chrysler, Sergio Marchionne, has passed away in the hospital in Zurich at the age 66.

He was supplanted four days prior when his wellbeing declined following complications from a surgery on his right shoulder.

Mr. Marchionne, who was additionally Ferrari’s director, had driven the consolidated organization for over 10 years and wanted to step down one year from now.

Mr. Marchionne has been succeeded by Briton Mike Manley, leader of the Italian-American association’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 organization.

Great Leader

Mr. Marchionne was additionally a major figure in the realm of F1, and in the wake of assuming responsibility at Ferrari in 2014 managed a noteworthy rebuilding of the racing team.

He framed an alliance together with Mercedes, battling significant changes to the game being arranged by new proprietors Liberty Media for 2021.

Mr. Marchionne more than once debilitated to pull Ferrari out of Formula One after 2020 in the event that he was unhappy with the alterations in the game.

Chase Carey, the CEO of F1, described Mr. Marchionne as “a great leader”, both for the game and in the business world by and large.

“He led with great passion, energy and insight, and inspired all around him. His contributions to Formula One are immeasurable. He was also a true friend to all of us and he will be deeply missed.”