The Swiss hospital that handled Sergio Marchionne says the previous Fiat Chrysler CEO acquired therapy for a critical sickness for greater than a 12 months earlier than he died.
“Resulting from critical sickness, he had been the recipient of recurring therapy for greater than a 12 months,” College Hospital Zurich stated in a press release. “Though all of the choices provided by cutting-edge medication had been utilized, Mr. Marchionne sadly handed away.”
The hospital stated it was issuing the assertion to fight rumors about the way it handled the charismatic govt, who died Wednesday at age 66. He was identified for reviving Fiat and Chrysler and bringing the manufacturers collectively underneath one roof.
Questions have been raised within the media over how lengthy Marchionne had been unwell, and whether or not Fiat Chrysler had been knowledgeable. The automaker stated it was solely made conscious final week of a “critical deterioration” in Marchionne’s situation.
“Resulting from medical privateness, the corporate had no information of the info referring to Mr. Marchionne’s well being,” the corporate stated in a press release on Thursday.
“The corporate was made conscious that Mr. Marchionne had undergone shoulder surgical procedure and launched a press release about this,” it stated.
“On Friday July 20, the corporate was made conscious with no element by Mr. Marchionne’s household of the intense deterioration in Mr. Marchionne’s situation and that because of this he could be unable to return to work,” it added. “The corporate promptly took and introduced the suitable motion the next day.”
Associated: Marchionne was an outsider and an authentic
Fiat Chrysler ( had warned in its most up-to-date annual report in February that Marchionne’s capacity to run the corporate was “crucial to the execution of our strategic route and implementation of our marketing strategy.” )
“Now we have developed succession plans that we imagine are acceptable, though it’s troublesome to foretell with any certainty that we will change these [executives] with individuals of equal expertise and capabilities,” the corporate stated.
It is uncommon for corporations to require executives to reveal medical issues, in accordance with HR professionals. Nevertheless, some corporations require their prime brass to get annual well being checks to guard their enterprise pursuits.
Fiat Chrysler ( declined to touch upon its well being insurance policies associated to its prime executives. )
CNNMoney (London) First printed July 27, 2018: 12:15 PM ET