Sergio Marchionne (Getty Images/Clive Mason)

Condition Of Former CEO Of Chrysler, Sergio Marchionne, May Be 'Irreversible'

July 23, 2018 - 7:30 am

AUBURN HILLS (WWJ) - Sergio Marchionne's condition has apparently taken a turn for the worse. Italian media is reporting the condition of the former head of Fiat Chrysler may be irreversible.

He has been in intensive care at a Zurich hospital after complications from shoulder surgery.

His two sons are reported to be with him along with his partner.  

Marchionne, 66, was hastily replaced as CEO of Fiat Chrysler on Saturday after the company announced that his health had taken a turn for the worse following shoulder surgery last month in Zurich, Switzerland. Details of the complications and his condition have not been released, but the company said they prevented him from returning to work.

Marchionne was replaced by the head of Jeep and Ram, Mike Manley. The Briton was a key executive on Marchionne's team, growing the quintessentially American Jeep brand into a global marquee.

Fiat Chairman John Elkann, in a letter to Fiat's 236,000 employees Sunday, called Marchionne a "true, rare kind of leader" and lauded him as "the best CEO that anyone could ask for and to me personally, a true mentor, partner, close friend."

The Associated Press contributed to this story.