Sergio Marchionne, the well-respected Chairman/CEO of FCA and Ferrari, has passed away at the age of 66 due to complications arising from a recent surgery. Widely credited with salvaging both Chrysler and FIAT from the brink of collapse, Marchionne was as well-known for his casual black sweater wardrobe as for his brilliant business acumen and tenacious attention to operational details. Marchionne emigrated from Italy to Canada as a youth, and held Philosophy, law, MBA, and accounting degrees from various Canadian Universities. Michael Manley, formerly head of the Ram and Jeep brands, has been appointed to replace Marchionne as Chief Executive Officer of FCA, and was also named Chief Operating Officer of the NAFTA region.