Marchionne, recovering from surgery, may miss FCA’s Q2 earnings call

Sergio Marchionne — who has been a heavy smoker — is in his final year as CEO of the company.

UPDATED: 7/18/18 6:13 pm ET – adds details

Fiat Chrysler Automobiles CEO Sergio Marchionne likely will miss the automaker’s planned July 25 announcement of its second-quarter earnings as he recovers from recent surgery, according to an Italian media report.

Lettera 43, an Italian business website, said Marchionne likely will miss the quarterly conference call. It did not attribute the source of its information.

On July 5, Lettera 43 reported that Marchionne underwent surgery in Switzerland. The Lettera 43 story quoted an FCA spokesman saying the surgery was on Marchionne’s right shoulder and that “he was in recovery phase,” adding that “a short period of [convalescence] is expected.”

The report did not give details about the surgery. Marchionne, 66, did not respond to a text message from Automotive News on July 6 inquiring about his health.

Marchionne — who has been a heavy smoker — is in his final year as CEO of the company, having joined a then-struggling Fiat in June 2004. His successor has not yet been named publicly, though Marchionne has repeatedly insisted that he (no women were considered, he said) would come from the company’s internal executive ranks.

His quarterly conference calls are widely followed for his frequent candid — and sometimes pointed — responses to questions from analysts around the globe and for his habit of regularly making news about FCA’s future plans.

Marchionne’s latest known public appearance was in Rome on June 26, when he delivered a Jeep Wrangler to the Italian Carabinieri (the Italian equivalent of the U.S. Military Police).



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