Sergio Marchionne

Sergio Marchionne
Marchionne in 2007
Born	(1952-06-17) June 17, 1952 (age 64) Chieti, Italy
Alma mater	University of Toronto University of Windsor York University
Occupation	CEO of Fiat Chrysler Automobiles and FCA Italy S.p.A Chairman and CEO of Chrysler Group LLC Chairman of Fiat Industrial S.p.A. and CNH Chairman of Swiss-based SGS Chairman and CEO of Ferrari

Sergio Marchionne (Italian: [ˈsɛrdʒo marˈkjɔnne]; born June 17, 1952) is an Italian-Canadian executive who is currently the CEO of Fiat Chrysler Automobiles, the Chairman of CNH Industrial and the CEO of Ferrari. Additionally, he is the Chairman of Swiss-based SGS and was the non-executive Vice Chairman of the Board of the global banking group UBS from 2008 to 2010, as well as the elected Chairman of the European Automobile Manufacturers Association for 2012 (first elected in January 2006). He is also a member of the Peterson Institute for International Economics as well as Chairman of the Italian Branch of the Council for the United States and Italy.

Marchionne is widely recognized for turning around Fiat Group to become one of the fastest growing companies in the auto industry, returning it to profitability in 2006 less than two years after taking the helm. In 2009, he was instrumental in Fiat Group forming a strategic alliance with the ailing US automaker Chrysler, with the support of the US and Canadian governments and trade unions. Less than two years later, following its emergence from Chapter 11, Chrysler returned to profitability, repaying all government loans. In 2014, Fiat and Chrysler merged into a new holding company, Fiat Chrysler Automobiles, now the seventh-largest automobile manufacturer in the world.

In addition to returning Fiat to financial health, Marchionne has also been a major figure in favor of change in industrial relations in Italy, with the model established at several group plants precipitating a shift (including legislative) toward the practice of regional and local bargaining over the traditional model of national agreements.

Marchionne was born in Chieti, Abruzzo, Italy, the son of Concezio Marchionne, from Cugnoli (also in Abruzzo), and Maria Zuccon from Carnizza (today Krnica, Croatia) near Labin in Istria. His father served as a carabiniere in Istria, where he met his future wife. Marchionne's grandfather, Giacomo Zuccon, was killed in September 1943 by Yugoslav Partisans near Barban in Istria, while his uncle Giuseppe Zuccon was killed by the Nazis the same year. In 1945, when the region was occupied by the Yugoslav army, Marchionne's parents moved to Chieti in Abruzzo, where Sergio was born.