Former FCA CEO Sergio Marchionne passes away

Sergio Marchionne, CEO of Fiat Chrysler (FCA) until last weekend, has passed away after complications arising from surgery. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," John Elkann, head of Exor, the holding company for the Agnelli and Elkann families, and largest shareholder in FCA, said in a statement released in the last hour.