Swiss hospital says it treated former Fiat Chrysler CEO Marchionne for more than a year

Reuters  |  ZURICH 

(Reuters) - Former was having for more than a year before his death on Wednesday, University Hospital (USZ) said on Thursday.

"Mr. was a patient at Due to serious illness, he had been the recipient of recurring treatment for more than a year," the hospital said in a statement.

"Although all the options offered by cutting-edge medicine were utilized, Mr. Marchionne unfortunately passed away."

The announcement of the death of Marchionne, 66, one of theauto industry's most tenacious and respected CEOs, drew tributesfrom rivals and tears from his closest colleagues on Wednesday.

Marchionne had fallen gravely ill after what the company haddescribed as shoulder surgery at a hospital. He was replaced as last weekend after (FCA) said his condition had worsened.

declined to comment on Marchionne's illness, but said it deeply regretted his death and expressed its condolences to his family.

had no immediate comment. Exor, the holding company of the Agnelli family which holds controlling stakes in and Ferrari, both led by Marchionne until last Saturday, could not immediately be reached for comment.

(Reporting by John Revill; Additional reporting by in Milan; Editing by Alexandra Hudson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 26 2018. 22:06 IST