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Sergio Marchionne, Chrysler's Canadian CEO

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Sergio Marchionne, Chrysler's Canadian CEO

Sergio Marchionne, Chrysler's Canadian CEO

The Chieti, Italy born Italian-Canadian Sergio Marchionne has quite the life behind him and at age 63 there seems no reason to believe that his contributions to the automotive industry are going to stop anytime soon. Marchionne currently holds the position of CEO of Fiat Chrysler Automobiles (FCA), emigrated to Toronto, Canada, at age 14 because he had family members already living in the area.

With his dual citizenship complemented by a fluency in English and Italian, Machionne went on to earn first a Bachelor of Arts with a major in Philosophy, and then a Bachelor of Commerce and an MBA followed by a law degree from the Osgoode Hall Law School of York University. In 2013, Walsh College presented him with an Honorary Doctorate of Law.

An illustrious career opened for him, beginning in 1983, where he worked as an accountant and tax specialist for Deloitte & Touche. In 1985 he switched gears and took on the responsibilities as a Group Controller at Lawson Mardon Group that would lead to a position as Director of Corporate Development before, in 1989, he transitioned over to Glenex Industries - acting as Executive Vice President for two years.

Sergio Marchionne, Chrysler's Canadian CEO

He continued to move through various companies, holding prestigious positions throughout - eventually taking on the role of Chief Executive Officer for SGS S.A. before he was elected as an independent member of the Board of Directors for FIAT S.p.A. in summer 2003, becoming CEO by appointment in 2004.

Then came June 2009. Chrysler was just recovering from the thralls of Chapter 11 Bankruptcy protection - at this point FIAT received a 20% stake in Chrysler Group LLC and with it who else but Machionne stepped in to replace the existing CEO Robert Nardelli. By July 2011, the purchase and ownership interest held by the US and Canadian Treasury provided the means to increase FIAT's stake in Chrysler to 53.5%, with Machionne elected to the position of Chairman for Chrysler.

They merged under his direction in August 1st, 2014.

As with anyone with the success and accomplishments spread out across his career, there have certainly been criticisms of his efforts, but the results he brings to companies cannot be denied. Under his guidance the future for FCA is definitely in the right hands.

Further Reading:

https://www.fcagroup.com/en-US/governance/board/Pages/sergio_marchionne.aspx

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