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John Elkann Appointed Chairman Of Ferrari, Replaces Sergio Marchionne – NDTVAuto.com

Posted in Trending Topics on 22nd July 2018

Ferrari’s Board have named John Elkann as their new Chairman after asserting that Sergio Marchionne will probably be unable to return to work. Ferrari’s board will suggest to shareholders, in a gathering to be referred to as within the coming days, that Louis C. Camilleri be named as CEO. In an announcement issued on Saturday night, the Maranello-based firm stated that the Board of Administrators of Ferrari discovered with deep unhappiness throughout its assembly as we speak that chairman and CEO Sergio Marchionne will probably be unable to return to work.

Additionally Learn: FCA Declares Jeep Boss Mike Manley As New CEO, Changing Marchionne

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“The Board’s ideas are with Sergio Marchionne and his household and it’s grateful for the extraordinary contribution he has made lately on the helm of Ferrari.”

Marchionne was each CEO and chairman of Ferrari and has additionally been changed as Fiat Chrysler CEO. Marchionne was on account of step down as head of Fiat Chrysler in spring subsequent yr, however deliberate to remain on as Ferrari chairman and CEO till 2021.

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Marchionne, 66, was credited with rescuing Fiat and Chrysler from chapter after taking the Italian carmaker’s wheel in 2004. On Saturday he was additionally changed as chairman and CEO of Ferrari and chairman of tractor maker CNH Industrial – each spun off from FCA lately.

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