Marchionne had shoulder surgery three weeks ago, and his recovery is taking longer than expected because of unexpected complications, according to a statement from the company.
"Marchionne will be unable to return to work".
"The Board of Directors of FCA, meeting today, firstly expressed its closeness to Sergio Marchionne and his family and underlined the extraordinary contribution, both human and professional, that he has made to the Company in these years".
Reports suggest the Fiat-Chrysler board's decision to accelerate Marchionne's succession plan is rooted in a medical condition from which the 66-year-old manager is now suffering, and which could bring forth a departure initially scheduled for later this year.
In a statement, Mr Elkann said he was "profoundly saddened" by the situation. Marchionne has stated in the past his desire to step down as FCA CEO sometime in 2019.
This has also prompted succession plans at sportscar maker Ferrari and truck and tractor maker CNH Industrial, spun off from FCA in recent years. Marchionne managed to take two ailing companies and return them to profitability. Elkann went on to describe Marchionne as a mentor, true friend and an "enlightened leader" with unusual intelligence. "For me, he has been someone with whom to share thoughts and in whom to trust, a mentor and above all a true friend". He likes to quote poets and philosophers in corporate speeches and the audiophile often plays his own soundtracks ahead of press conferences and earnings calls.
"He taught us to think differently and to have the courage to change, often in unconventional ways, always acting with a sense of responsibility for the companies and their people", he said of Mr Marchionne.
Marchionne took over as president of Ferrari in 2014 from Luca Di Montezemolo, who served more than 20 years in the role. Manley likely did not know he was the chosen one as Marchionne had told reporters repeatedly that the new CEO would be told at the last minute.
Marchionne has overseen numerous changes that have returned Ferrari to success in recent years and was heavily involved in decisions on driver line-up and the team's overall direction.
Prosecutors will seek to have the man kept in custody pending possible charges of bodily harm and attempted arson, Hingst said. She said the weapon that the assailant apparently used was a knife, but that is still under investigation.
As he says this, Dumbledore is looking into the Mirror of Erised, first seen in Harry Potter and the Sorcerer's Stone . Fantastic Beasts: The Crimes Of Grindelwald arrives in the United Kingdom on 16 November 2018.
Dudley, 33, will be starting his 12th National Basketball Association season, and has averaged eight points a game in his career. From Philadelphia, the Suns acquired forward/center Richaun Holmes in exchange for cash considerations.
Warner Bros. would then decide which script that they liked the best and production would start after that. The first trailer for James Wan's Aquaman debuted during the Warner Bros. panel at SDCC today.
Bayer marketed Essure as the only device able to provide permanent sterilization to women without surgery or anesthesia. The company said it has gotten some thrown out, as well as narrowing the claims of the remaining suits.
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The Summit with Russian Federation was a great success , except with the real enemy of the people, the Fake News Media. OK?" Coats explained of his reasoning and his relations with Trump: 'We started a good relationship.
Asked whether Sanders has been interviewed in the special counsel probe, Sanders spokesperson Josh Miller-Lewis said he has not. Carlson slammed the idea that Manafort had been charged but not Podesta for engaging in similar foreign activities.
The other was separatists' resistance to police as these were trying to empty polling stations used for the referendum. It also dropped European arrest warrants for five other Catalan pro-independence leaders living overseas .
President Donald Trump and Russian President Vladimir Putin met one-on-one for 90 minutes in Helsinki, Finland, on Monday. After Cornyn said that more than a symbolic action was needed, an angry Flake said that "symbolism is important".
Tapper claims that anyone with alcohol-related disease who stops drinking has "an excellent chance your liver will fix itself". The researchers suspect the economic recession beginning in 2008 was responsible for many people turning to alcohol.
The Shazam Trailer Says the Magic Word!
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Rohingya report more violence, persecution in Myanmar: U.N
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Early dinner may lower cancer risk
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Illness forces Marchionne out of Ferrari
Marchionne, who was also Chairman and CEO of FCA, had been running Ferrari since taking over from Luca de Montezemolo in 2014. Elkann didn't give details of Marchionne's health problems, adding that his "first thoughts go to Sergio and his family".
Sam Warburton Retires At 29
Speaking to Sportsmail's Nik Simon last month, Warburton said: 'The moment I can't play at my best, I won't play anymore. I look forward to meeting Sam in the coming weeks to discuss how he can remain part of the organisation moving forward.