F1 boss pays tribute to Marchionne

Marchionne was a heavy smoker, and like most smokers cancer and a cerebal blood clot from the surgery did him in

The great Sergio Marchionne was a heavy smoker, and like most smokers cancer and a cerebral blood clot from the surgery did him in at an early age

Formula 1 Chairman and CEO Chase Carey has labeled Sergio Marchionne’s contribution to the sport as “immeasurable", in the wake of the ex-Ferrari chief’s passing on Wednesday.

Marchionne was credited with revitalizing the fortunes of Fiat and Chrysler, and was appointed to the role of Ferrari Chairman and CEO in 2014.

Ferrari announced on Saturday that Marchionne had been taken unwell and consequently relinquished his roles, with John Eklann named Chairman and Louis C. Camilleri CEO.

On Wednesday, Exor NV, the holding company of Fiat’s founding Agnelli family, confirmed the passing of Marchionne at the age of 66.

Carey led the tributes to Marchionne, commenting: “We are deeply saddened by the passing of Sergio Marchionne.

“He was a great leader of not just Formula 1 and the automobile world, but the business world overall.

“He led with great passion, energy and insight, and inspired all around him. His contributions to Formula 1 are immeasurable.

“He was also a true friend to all of us and he will be deeply missed.

“At this difficult time we extend our deepest sympathies to his family, friends and colleagues."

Mercedes boss Toto Wolff also expressed his condolences to Marchionne's friends and family.

"This is a sad day for all of us in F1," said Wolff.

"We have a lost a huge supporter of our sport, a fierce competitor, an ally and a friend.

"Our heartfelt sympathies are with Sergio's family and all at Ferrari at this difficult time."

Statement from GM Chairman and CEO Mary Barra on Passing of Sergio Marchionne

DETROIT – We at General Motors offer our condolences to Sergio Marchionne's family and friends. Sergio created a remarkable legacy in the automotive industry. Our thoughts are also with our industry colleagues at Fiat Chrysler as they deal with this sudden loss. – Mary Barra, Chairman and CEO of General Motors.