The Chief Executive of Ferrari is not expected to leave his position until the initial public offering of the landmark sportscar maker is announced this year.
The Chief Executive of Ferrari is not expected to leave his position until the initial public offering of the landmark sportscar maker is announced this year.
The announcement regarding CEO Amedeo Felisa was made on Saturday by the Executive of Fiat Chrysler Automobiles on Saturday, as he attended the Monza Grand Prix of the Italian Formula One.
Last week, Reuters also cited a source that suggested no details are set in place and no decision has been made as of yet. Amedeo Felisa, nearing now on the age of 70 plans retirement. According to the same source, the IPO listing could present a good opportunity for the Ferrari CEO to step down.
According to Fiat Chrysler Automobiles CEO Sergio Marchionne,
“He will not leave before the IPO and the question of succession is one we have to deal with not only with Felisa, but with other key positions inside the group”.
Some allegations place Sergio Marchionne himself in the Ferrari CEO position. Nonetheless, he declined to comment on the matter, saying it is too soon to be making any definitive statements. At the same time, it remains unknown whether another speculation could hold its ground. Namely, that John Elkann, who is currently the chairman of Fiat Chrysler Automobiles could also fill the position of Ferrari chairman.
Fiat Chrysler Automobiles currently owns nearly 90 percent of Ferrari as the parent company. There are plans to list 10 percent of the FCA publicly. The rest of the stake would be distributed among shareholders.
Mr. Felisa’s career in the luxury sportscar manufacturer started in 1990 when he joined the company in his capacity as an engineer. Now, after a long career in the prestigious company, Mr. Marchionne also expressed his hope that Mr. Felisa will remain with Ferrari in some capacity.
Photo Credits: automonitor.pt
