Maranello, Italy – Amedeo Felisa will retire at CEO of Ferrari N.V. after 26 years at the company. Fiat Chrysler Automobiles CEO Sergio Marchionne will replace him. FCA spun a portion of Ferrari’s stock off to the public last year yet retains most of the racecar company’s shares.
Felisa will continue to serve on the board of directors of Ferrari with a specific mandate as technical advisor to the company.
Marchionne says, “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. 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."
These executive changes are effective immediately.
Source: Ferrari N.V.