Chrysler Group CEO Sergio Marchionne to receive honorary degree from IU Kokomo
FOR IMMEDIATE RELEASE
KOKOMO, Ind. -- Indiana University Kokomo will award an honorary degree to Sergio Marchionne, chairman and CEO of Chrysler Group LLC and CEO of Fiat S.p.A., during the spring commencement ceremony. Marchionne will be present to receive his diploma and will address the graduates.
IU President Michael A. McRobbie will confer the honorary Doctor of Humane Letters degree, the highest academic recognition IU can bestow, on Tuesday, May 13. It is awarded to individuals who have demonstrated high standards of excellence in scholarship or creative activity; in professional achievement; in public service to the world, the nation, the state or the community; or in wholehearted commitment to IU.
"Sergio Marchionne engineered one of the most dramatic rescue-and-recovery efforts in the history of the American auto industry," McRobbie said. "Thanks to his strong leadership, experience and entrepreneurial spirit, Chrysler Group has enjoyed a remarkable renaissance over the last several years, and the company has re-emerged as a leading player in the global marketplace.
"This transformation also has had a major impact on the community served by Indiana University Kokomo, spurring job growth and energizing a partnership between the campus and the company that continues to benefit our students and members of local community. Indiana University is extremely pleased to present this honorary degree to Sergio Marchionne in recognition of his exceptional career and contributions to preserving Kokomo's rich automotive heritage and history of innovation."
Under Marchionne’s leadership, Chrysler Group has invested nearly $1.5 billion in its local facilities to produce transmissions and engine blocks, making Kokomo the largest transmission installation in the world. This has added more than 2,600 jobs in north central Indiana. Due to this investment to keep jobs in the region, IU Kokomo has been able to establish a relationship with the local plants that has resulted in student internships and some recent hiring of IU Kokomo graduates.
Marchionne is also chairman of CNH Industrial N.V. and leads Fiat S.p.A. Group Executive Council and has served as chief operating officer of the Group Executive Council's NAFTA Regional Operations Group since Sept. 1, 2011. The Group Executive Council is the highest executive decision-making body within Fiat outside its board of directors. It is responsible for reviewing the operating performance of the businesses, setting performance targets, making key strategic decisions and investments for the group and sharing best practices, including the development and deployment of key human resources.
Previously, Marchionne was elected chairman of CNH Global N.V., now CNH Industrial N.V., in April 2006 and CEO of Fiat Group Automobiles S.p.A. in February 2005. He became CEO of Fiat S.p.A. in June 2004 and has been a member of the board since May 2003.
Marchionne was born in Chieti, Italy, and has dual Canadian and Italian citizenship.
Indiana University Kokomo serves a 14-county region in north central Indiana, offers 70 IU degree programs and a vibrant student life, and is a member of the NAIA.