Before the final Formula 1 season 2020 c Abu Dhabi is the CEO of Ferrari Louis Camilleri quite surprisingly announced his resignation. Boss Binotta is expected to withdraw from the press release for personal reasons.
His resignation it is not only surprising for outside observers, but also for the leading floor Ferrari. The successor is not yet known, but the work is expected to be temporary Camilleria taken over by the President of the Management Board John Elkann. At the same time with Ferrari is also a tobacco concern last night Philip Morris announced that Camilleri was stepping down from the administration. 65-year-old, born in Egypt, said: “Ferrari has been a part of my life. Serving him as CEO was a huge privilege for me. My admiration for the exceptional men and women in Maranello and their passion and dedication is boundless. Proud of the company’s successes since 2018 and I know the best years for Ferrari are yet to come."
Camilleri is the position of Executive Director in Maranello took over in the summer of 2018 after the death of his predecessor Sergio Marchionne. During his tenure, the shares of the legendary company rose from 113 to 177 euros. Despite the coronavirus crisis and the changing automotive industry. Camilleri managed to Ferrari leads among the most successful companies in the world, is Elkann said in his first statement of thanks. “We wish him and his family a long and happy retirement."
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