Ferrari is considering appointing Sergio Marchionne as CEO after Amedeo Felise would retire in the upcoming months, according to people familiar with the subject.
Marchionne, who is already chairman of Ferrari and the CEO of FCA, which owns Ferrari, might take full responsibility starting 2016, adding this job to his already other roles.
Felisa, who has been working as an engineer for Ferrari since 1990 and who became CEO in 2008, might keep an advisory role with the automaker, as the same sources stated. Discussions about who will replace Felisa are under way, with no final decision reached yet. Ferrari declined giving a response to this news.
FCA will sell 10% holding in Ferrari in an IPO that will take place in October as a part of the company to make more cash. Fiat Chrysler will also distribute its remaining 80% in Ferrari stakes to shareholders starting next year, which will give independence to the supercar producer. Marchionne said that the Ferrari division is worth more than $11.3 billion, which stands for over half of Fiat Chrysler’s market value.
Marchionne is planning to turn the supercar brand into a luxury one like Prada or Hermes International, yes, not automakers, but clothing superbrands. He became the chairman of Ferrari last year after Luca Cordero di Montezemolo stepped down following a strategy series of clashes. A few weeks after that, Marchionne announced its plan to separate Ferrari from Fiat Chrysler and list the unit’s stock in New York. Then, he got into Ferrari’s Formula 1 car-racing team management and hired Sebastian Vettel to replace Fernando Alonso.
FCA’s CEO is not the only auto industry exec with multiple roles. Carlos Ghosn is the head of both French Renault and Nissan Motor Corp., while Dieter Zetsche is the leader of Daimler and the German carmaker’s Mercedes-Benz division. Besides being the CEO of Volkswagen Group, which is Europe’s biggest automaker, Martin Winterkorn is the chief of Porsche Automobil Holding SE, which is the company’s major shareholder. So much for multi-tasking!