Louis Camilleri officially resigns for personal reasons at 65
John Elkann, president of FCA and Ferrari, will occupy the position temporarily
Louis Camilleri has decided to leave his position as CEO of Ferrari with immediate effect. At 65, with the COVID-19 just overcome, he alleges “personal reasons” for taking this turn in his life that, indirectly, could also be for Ferrari.
New and unexpected earthquake in Ferrari. Louis Camilleri, the until now CEO of the Italian brand, has resigned for “personal reasons” shortly after overcoming COVID-19. It will be your own John Elkann, executive president of Ferrari, who assumes the presidency of the firm.
“Ferrari has been a part of my life and serving as CEO has been a privilege. My admiration for the extraordinary men and women of Maranello, for their passion and for the dedication in body and soul to what they do. I am proud of them. successes achieved by the Company since 2018 and I know that the best years of Ferrari are yet to come ”, said Camilleri, who came to Ferrari from Phillip Morris to replace Luca di Montezemolo, shortly before the death of Sergio Marchionne.
It so happens that a few weeks ago he had to be admitted because of COVID-19, although he has already been discharged. After it, Camilleri decided to return to his residence in New York to complete his recovery.
John Elkann, president of Ferrari and the FCA group, will assume the position on a provisional basis while a replacement is sought. “I want to express our sincere thanks to Louis for his extraordinary dedication in his role as CEO since 2018 and as a member of the Board of Directors since 2015. His passion for Ferrari was endless and, under his tenure, the Company has reaffirmed itself as a of the world’s great companies, capitalizing on his heritage and his continuous pursuit of excellence. We wish him and his family a long and happy retirement. ”
It now remains to know how this can affect the Scuderia Ferrari. Camilleri was a staunch defender of Binotto and it is thought that the team boss’s return to Maranello instead of Abu Dhabi may be related to the announcement.
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