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Fiat Chrysler’s Marchionne being treated in Zurich’s University Hospital

ZURICH (Reuters) – Fiat Chrysler Chief Executive Sergio Marchionne was being treated in a Zurich sanatorium on Sunday with a critical illness after pang complications following shoulder surgery.

A Fiat Chrysler orator reliable Marchionne was in Zurich’s University Hospital, one of a country’s largest medical centres.

The orator did not give a 66-year-old Italian-Canadian executive’s condition or contend in that of a hospital’s 43 groups he was being treated.

Fiat Chrysler named a Jeep multiplication trainer Mike Manley on Saturday to take over immediately from Marchionne, who had been due to step down subsequent April.

SGS, a Swiss logistics services company, also announced on Sunday that it had named a new behaving authority to take over for Marchionne, given his illness prevented him from fulfilling a role’s obligations.

SGS pronounced in a matter it was “deeply saddened” by a news, as did Lausanne, Switzerland-based Philip Morris International, where Marchionne is also on a board.

Marchionne was credited with rescuing Fiat and Chrysler from failure after holding a Italian carmaker’s circle in 2004. On Saturday he was also transposed as authority and CEO of Ferrari and authority of tractor builder CNH Industrial – both spun off from FCA in new years.

In additional government changes related to Marchionne’s illness, Ferrari named FCA Chairman and Agnelli family scion John Elkann as new chairman, while house member Louis Camilleri becomes arch executive.

Reporting by John Miller in Zurich; Editing by Adrian Croft

Article source: http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/5sE1b7lEHaM/fiat-chryslers-marchionne-being-treated-in-zurichs-university-hospital-idINKBN1KC0MW

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