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Sergio Marchionne, who resigned as CEO of Fiat Chrysler last weekend, has died at the age of 66.
The holding company of the Agnelli family, which founded Fiat, confirmed his death on Wednesday.
Marchionne joined Fiat in 2004 and led the Turin-based company’s merger with bankrupt U.S. carmaker Chrysler. He built the dysfunctional companies into the world’s seventh-largest automaker.
Marchionne was reported to have had surgery for a shoulder problem about three weeks ago in Switzerland.
His replacement was announced on Saturday after said he “will be unable to return to work”.
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