Ferrari chairman says the brand’s CEO will stay at least after IPO image

According to Sergio Marchionne, the chief executive of Fiat Chrysler Automobiles and Ferrari’s chairman, the luxury brand’s chief executive officer Amedeo Felisa will not vacate his position ahead of the planned initial public offering (IPO).

According to the latest reports concerning the CEO of Ferrari, a source that talked to Reuters recently said Felisa, now almost 70, wants to retire and the approaching listing – tentatively planned for October – would be an auspicious moment for such a move. The person that was familiar with the matter also added there was no final decision on the matter yet.

“He (Felisa) 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,” commented FCA’s Marchionne while attending the Italian Formula One Grand Prix in Monza. “At the right time we will provide the right solution,” he added.

Other reports have also panned Marchionne ready to assume the CEO role at Ferrari as well, though the executive said it was still too early to discuss such a move, while also refusing to approve or disprove the claim that FCA Chairman John Elkann would also become the chairman of the luxury brand. Anyways, industry experts and analysts say the move to have Marchionne as CEO would be one that had little consequence, because he already holds effective power at the sports car manufacturer form his chairman position.

Via Reuters