Two years after changing the late Sergio Marchionne on the helm of Ferrari, Louis Camilleri introduced a right away retirement. The shock resignation got here as a shock, contemplating that the choice to retire was for ‘private causes.’ Camilleri, 65, is claimed to be presently recovering from COVID-19.
Rumors are circulating that present FCA CEO Mike Manley is being pegged to interchange Camilleri because the boss of the Prancing Horse model. That is in accordance with an undisclosed supply of the Italian newspaper Il Messaggero, relayed by Automotive Information Europe.
Whereas a everlasting successor to Camilleri is getting deliberated, Ferrari and FCA Chairman John Elkann takes the reigns for the meantime. Elkann and his household’s Exor, the corporate that controls Ferrari, pegs Manley because the successor, stated the Il Messaggero report. Manley, who had lengthy been the chief government officer of Jeep since 2009, took over the entire FCA as CEO in 2018, following the loss of life of Marchionne. Evidently, Manley has had an extended expertise within the auto trade.
Aside from Manley, there have been different candidates that had been rumored to interchange Camilleri at Ferrari. Ex-Lamborghini chief Stefano Domenicali was one among them, although that has already been dismissed. Maserati’s COO, Davide Grasso, was additionally cited by the Italian media, in accordance with Automotive Information Europe.
Automotive Information Europe has already reached out to Ferrari and FCA for feedback concerning the rumor however to no avail. This is a vital time for FCA as a result of the corporate is got down to merge with the PSA Group subsequent yr, named Stellantis. Manley’s function in Stellantis hasn’t been set at this level.
In any case, Il Messaggero experiences {that a} board assembly at Ferrari is about to occur subsequent week. The assembly might title the subsequent Ferrari CEO, however we’ll must be on our toes for that.
