Sergio Marchionne the Ferrari CEO who saved Fiat and Chrysler dies after surgery

Sergio Marchionne, who engineered turnarounds to save both Fiat and Chrysler from near-certain failure, has died.

Marchionne, 66, passed away after suffering complications following recent surgery in a hospital in Zurich, Switzerland.

The holding company of the Agnelli family, which founded Fiat, confirmed the news today.

Italian-Canadian Marchionne joined Fiat in 2004 and led the Turin-based company's merger with bankrupt U.S. carmaker Chrysler. He built the dysfunctional companies into the world's seventh-largest automaker.

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