CNH Industrial released a statement this morning that indicates that its chairman, Sergio Machionne, passed away this morning following complications from shoulder surgery. According to a Bloomberg report, Marchionne suffered a stroke during surgery and did not recover.

Suzanne Heywood was appointed Chairman, CNH Industrial N.V., Heywood became a managing director of Exor in 2016. Prior to that she worked at McKinsey & Co., which she joined as an associate in 1997 and left as a senior partner (director) in 2016. Heywood led McKinsey’s global service line on organization design for several years and also worked extensively on strategic issues with clients across different sectors. She has published a book, “Reorg,” and multiple articles on these topics. She was born in 1969 and is a British citizen.