► Camilleri retires as CEO
► Exec. Chairman Elkann now acting CEO
► Ferrari board to name successor soon
Ferrari has confirmed that Louis Camilleri has retired as the brand’s CEO and as a member of the board due to ‘personal reasons.’
While no further details are provided as to why from Ferrari directly, Bloomberg reports that Camilleri was hospitalised due to coronavirus but also reports that this ‘wasn’t the main reason for his exit.’ Executive Chairman John Elkann will step in as acting CEO.
Camilleri replaced the late Sergio Marchionne after his passing in 2018 and, during Camilleri’s tenure, Ferrari has revealed the SF90 Stradale and Spider, the Portofino M and the Roma to name a few fresh models, along with some bespoke creations.
‘Ferrari has been part of my life and serving as its chief executive has been a great privilege,’ Camilleri said in a Ferrari statement, ‘I’m proud of the company’s numerous achievements since 2018 and know that Ferrari’s best years are still to come.’
John Elkann added ‘I would like to express our most sincere thanks to Louis for his unstinting dedication,’ adding that ‘we wish him and his family a long and happy retirement.’ Elkann is now charged with finding Camilleri’s replacement.
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