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Marchionne replaced by Elkann as Ferrari chairman
Ferrari announced on Saturday that John Elkann is the company's new chairman and it had appointed board member Louis Camilleri as its new chief executive, replacing Sergio Marchionne who is seriously ill. In an emergency meeting called after Marchionne’s health worsened, the Ferrari board named Elkann as chairman and also gave Camilleri powers to oversee the company’s operations. Marchionne was both CEO and chairman of Ferrari. He has also been replaced as Fiat Chrysler CEO. A Ferrari shareholder meeting will be called in the coming days to approve his appointment. Marchionne was due to step down as head of Fiat Chrysler in spring next year, but planned to stay on as Ferrari chairman...
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5y ago from GrandPrix247.com
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