Ferrari To Elect Sergio Marchionne As CEO?

Ferrari is said to be considering electing Sergio Marchionne as CEO following current chief of the automaker Amedeo Felisa retires later this year, Automotive News reports. The Fiat-Chrysler boss may become active in the position before its initial product offering hits Wall Street in early 2016, adding to an already lengthy list of positions held by the Italian-Canadian executive.

Marchionne moved into the chairman role at Ferrari following Luca di Montezemolo’s resignation last year. He then introduced the plan to separate the automaker from parent company an FCA in order to generate cash flow for the indebted automaker, a move that will eventually make the storied manufacturer an independent entity.

Ferrari says it has “succession plans” in place for when Felisa departs, but AN says it’s unlikely his replacement will have nearly as much experience. The 69-year old Felisa was one of di Montezemolo’s aides for over 20 years, who himself served as Enzo Ferrari’s right-hand man.

Marchionne has a wealth of experience in business, though his numerous responsibilities would make it seem Ferrari is too much too take on at this time. The FCA CEO is also currently the chairman of tractor company CNH Industrial NV, vice chairman of Exor, chairman of SGS and an independent director at cigarette company Philip Morris International.

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