Ferrari has named its new CEO.
The company has confirmed that Amedeo Felisa has retired after 26 years of service to the Italian automaker, relinquishing his title of CEO to Sergio Marchionne, who is also the CEO for Fiat Chrysler Automobiles (FCA), Ferrari’s parent company. Marchionne will assume the responsibilities of CEO effective immediately and will continue to serve as chairman of the company. Felisa won’t entirely leave Ferrari, however, and will continue to serve on the board of directors with a specific mandate as technical advisor.
“I have known Amedeo for more than a decade and I have had the opportunity to work with him closely for the last two years,” said Marchionne. “He is beyond any doubt one of the best automotive engineers in the world. During the last 26 years, he has worked tirelessly to fuel and guide Ferrari’s technical development, producing an array of cars which have set the standard for both performance and styling.”
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