Ferrari’s CEO here to stay image

With much of the hype surrounding the approaching Ferrari spin off that swiftly followed the news that long-term Chairman Luca di Montezemolo resigned and the post was taken by parent FCA CEO Marchionne, it’s actually easy to forget that Ferrari also has its own chief executive.

But it looks like Fiat Chrysler Automobiles chairman John Elkann remembers him and promptly answered a question regarding the executive’s future with the company. “There will be no CEO change,” he said and it looks like FCA officially has no plans to further change the Italian luxury sports car manufacturer’s management structure. The enquiries come as Amedeo Felisa, the CEO of Ferrari, is preparing for the approaching spin off into a separate and independent carmaker. He became the automaker’s chief executive officer back in 2008.

Following the rapid change at the top of the management structure, where after a public clash over Ferrari’s sales strategy and the bad season in Formula One, the long-time chairman resigned and was replaced with FCA’s own CEO – Sergio Marchionne, last month the executive also said Ferrari would spin off. The company would become independent, with 10% of its shares offered to new investors in an initial public offering and the rest divided among existing FCA stakeholders.

Via Automotive News Europe