After 14 years as a fantastic leader of Fiat Chrysler Automobiles (FCA), Sergio Marchionne was forced to leave for worsening health conditions after a surgery. Marchionne also left Ferrari for the same “unthinkable situation until a few hours ago” (words by Exor chairman John Elkann).
FCA board accelerated the transition process (expected in April 2019) and named British-born Mike Manley (54 years old) as CEO, until yesterday Jeep and Ram chief manager.
Ferrari board named Louis Carey Camilleri as CEO, with John Elkann as chairman.
John Elkann also added - “profoundly saddened” – that Marchionne will not be able to continue his job, but in any case “The succession plans we have just announced, even if not without pain from a personal point of view, mean we can guarantee the maximum possible continuity, preserving our companies’ unique cultures”.
Ferrari celebrated half-century of one of the most iconic Prancing Horse V6 model, the Dino. The company’s head quarters in Maranello - Italy - hosted a gathering and more than 150 of the cars returned for the homecoming.
The car launched as a production model in 1967. Since 2017 marked Ferrari’s 70th anniversary, the company postponed the Dino celebration until this year.