Automotive businessman Sergio Marchionne is currently the CEO of both Fiat and Chrysler, and he has a net worth of $60 million. In addition to his impressive net worth, Marchionne has achieved notability that few businessmen are able to by actually doing a tangibly good job in turning around two struggling companies: The aforementioned Fiat and Chrysler were both in serious financial trouble before Marchionne was brought in to turn them around and get them back on their feet, which he managed to do in both cases. One of the ways he was able to do this is through a unique and idiosyncratic management style based on his preference for a "hands on" style of communication. For instance, Marchionne is reported to have been appalled by the practice at Fiat of executives communicating with each other through their secretaries. Marchionne favors a much more personal approach, and even moved his office from the top floor penthouse to the fourth floor of Chrysler headquarters, the same floor of the engineering department. The penthouse at the top floor which used to be the offices of the president and vice president of the company now sits empty and unused, relics of an era of poor business.
Sergio Marchionne is an Italian-Canadian manager widely known for his turnaround of the Italian automotive group Fiat and, more recently, for managing the US automotive group Chrysler from bankruptcy to profitability. Marchionne currently holds several roles of major importa...
Date of Birth
- June 17, 1952
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