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Sergio Marchionne is the most talented and most dazzling manager in Italy. Now, the 66-year-old man has to fight for his life at the University Hospital Zurich. There are dozens of journalists, mainly from Italy. They all want to know more about Marchionne's state of health. However, due to the protection of privacy, the hospital does not want to confirm the stay of the entrepreneur.
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Not only are journalists nervous. Marchionne's condition has also put investors on the alert. Shares of Fiat Chrysler fell Monday by more than 5%. This shows how important Marchionne is to the company. 20 minutes brought together the most important in the life of Sergio Marchionne.
• Beginning
After starting his career at Deloitte in 1983 as an accountant, Marchionne's career began to skyrocket. He held various management positions in companies and eventually landed in Switzerland. He thus becomes the head of the then Alusuisse company and the chemical company Lonza in the 1990s. In 2002, he took over the tax at the SGS distressed goods inspection company. that he came out of the crisis. Marchionne was also a member of the board of UBS, a large bank.
• Fiat-Chrysler
When Marchionne became head of the Fiat automaker in 2004, the company went bankrupt. Here, the manager has consolidated his reputation as a reorganizer. He rebuilt the group and introduced new car models. In 2014, Fiat then merged under the leadership of Marchionne with the American automaker also defeated Chrysler. The stage has been a success: Meanwhile, the company Fiat-Chrysler with the brands Alfa Romeo, Maserati, Dodge or Jeep without debt. Last year, Marchionne even broke a record: the profit doubled to about 3.5 billion francs. Marchionne's strategy was well received by the stock market. The price of the automaker 's stock has risen about 350% since the merger.
• Ferrari
Since 2014, Marchionne was president of Ferarri, which was then part of Fiat-Chrysler. The following year, the manager outsourced the company to the parent company and brought the luxury car maker to the US stock market. With the sale of less than a tenth of Fiat Chrysler shares took the first week after the IPO nearly 900 million francs. The value of the shares has almost tripled during this time. Marchionne also spoke to Ferrari in the race. Maurizio Arrivabene, responsible for Formula 1 (F1), told the media this weekend that he has always worked with the president on the strategy. When the new owner of F1 Liberty Media 2017 wanted to simplify the rules of the engine, Marchionne threatened Ferrari to withdraw from the sport. Toto Wolff, head of motor sport at Mercedes, warned the media firm before Marchionne: "F1 needs Ferrari more than Ferrari." • Juventus
Next to Marchionne, the Italian family dynasty Agnelli is Fiat's engine -Chrysler and Ferrari, It controls companies through its Exor investment company. Marchionne himself sat on Exor's board of directors. The company also owns the football club Juventus Turin. The Agnelli family recently paid 112 million euros to superstar Cristiano Ronaldo. According to the Italian media, Marchionne was also involved in the transfer negotiations. He finally gave Agnellis' approval for the case. The transfer of millions brought employees from two Fiat factories in southern Italy to the barricades. They are angry because they earn only 1,000 euros a month, while Ronaldo collects 120 million euros over the next four years, or 2.5 million euros per month. The employees called for a strike.
• Fortune
Marchionne brought huge amounts of money to the Agnelli family, which includes Fiat and Ferrari. According to estimates, the value of family-owned businesses has increased tenfold since Marchionne's entry into Fiat, writes The New York Times. With its own shares in the group, Marchionne also has a lot of money: the "balance sheet" estimates its assets between 500 and 600 million francs. Thanks to his home in the canton of Schwyz, the millionaire ranks among the 300 richest in the country.
• Dress
Marchionne is also talented in clothing as was Steve Jobs. The boss of Apple was still turtleneck and jeans around. Marchionne appears almost exclusively in dark pants, a shirt and a black sweater above, while the Angellis always appear in suits and ties. In the wardrobes of his residences, the entrepreneur should have each about 30 same sweaters and models of jeans. An exception to his outfit made Marchionne, as he announced in 2017 the record profit of Fiat-Chrysler: One day he wore a tie.
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