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William Maley

Fiat News: Sergio Marchionne Is Announced As Ferrari's New CEO

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Ferrari announced today that the current CEO Amedeo Felisa will step down and Sergio Marchionne will become the new CEO. The changes are effective immediately. The change didn't come as a surprise to most people. Sources tell Reuters that Marchionne being named CEO doesn't change much as he has been in charge since former Chairman Luca Di Montezemolo quit in September 2014.

 

Felisa has been with Ferrari for 26 years holding various roles including overseeing product development and the general manager of the brand. He was named CEO in 2008. Felisa will still be part of Ferrari's board of directors.

 

It is unknown what this change will bring to the Italian sports car maker. But considering some of Marchionne's previous comments, it wouldn't be surprising if production is slightly increased and an entry-level sports car comes out.

 

Source: Associated Press, Reuters, Ferrari

 

Press Release is on Page 2






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Sergio can now truly destroy another brand. Stupid board.

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Maybe Sergio can be CEO of Citroen/Puegot and VW I think needs a new CEO.  Makes sense to be CEO if multiple companies.

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Ferrari doesn't want a crossover, so it makes sense to bring aboard the guy most incapable of delivering crossovers. 

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