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News of 23/07/2018

On June 1, in Balocco, at the presentation of the industrial plan of FCA, Sergio Marchionne was visibly fatigued and wearing several pounds more.

"The doctor has stopped smoking and he must have been more hungry," one of his entouarage joked. Even the tie, awkwardly knotted under the dark zip hood, gave the idea that something was wrong. Yet for the FCA ad that should have been a day of celebration: the tie, in fact, meant that the group's debt had been canceled in advance. "I have not worn ties for about ten years and I've forgotten how to do it," his justification.

But even more tried, Marchionne appeared on June 26 last, in Rome, during a ceremony at the Carabinieri. On that day, the CEO of FCA must have resorted to all the energy left to end the day. So, the hospitalization in Zurich, the operation officially on the right shoulder, the silence on its conditions, the first questions about the post-operative course, the inevitable speculations and the acknowledgment, with the urgent convocations, yesterday, of the board of the group and of Ferrari by President John Elkann, that the situation is very serious.

Manuela Battezzato, an employee of FCA, and her partner for several years, has been close to him in the Swiss clinic since she was hospitalized. Marchionne is separated and father of two children, her mother, who died some time ago, lived in Toronto. His father, Concezio, was a carabiniere, a particular that he recalled on June 26, in his speech in Rome and caressing a German shepherd from the dog group of the Arma: "Let's see if you recognize the son of a carabiniere .. .. "

Only in the last days of the week, the possibility that Marchionne could not attend the conference call on Wednesday 25, on the occasion of the second quarterly and the FCA semi-annual report, had been leaked from Turin. "A convalescence longer than expected ...". At this point, explaining the data to the market would have been the only CFO Richard Palmer, English manager much appreciated by Marchionne, until yesterday among the candidates to take his place in April 2019. Yesterday the shower was frozen with this note del Lingotto: «The health conditions of Sergio Marchionne, following unexpected complications during the post-operative convalescence, have worsened further in the last hours. For these reasons he will not be able to resume his work ".

"For many - the words of Elkann at the end of the Board of FCA - Sergio was an enlightened leader, an unparalleled reference point; I am deeply saddened by his condition. It is an unthinkable situation until a few hours ago, which leaves everyone with a sense of injustice. My first thought goes to Sergio and his family ". "What struck me about Sergio from the beginning - writes Elkann - when we met to talk about the possibility that he came to work for the group, even more than his managerial abilities and intelligence out of the ordinary, were human qualities, generosity and his way of understanding people ". "In the last 14 years - adds the president of FCA - we have lived together successes and difficulties, internal and external crises, but also unique and unrepeatable moments. For me it was a person to compare and trust, a mentor and above all a friend. He taught us to think differently and to have the courage to change, often in an unconventional way, always acting with a sense of responsibility for the companies and for the people who work there. He taught us that the only question worth really thinking of it at the end of each day is if we were able to change something for the better, if we were able to make a difference. And Sergio has always made the difference, wherever he was working and in the lives of so many people ". "Today - concludes Elkann - that difference continues to make it the culture that has introduced in all the companies that has managed and has become an integral part. For me it was a privilege to have Sergio at my side for all these years ".

Incredula is the whole Agnelli family. «I feel an incredible affection for him - states one of the members - and gratitude is infinite. He made a life of hell to get this group to where it is today. "



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