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Ferrari chief Marchionne to step down in early 2019

Ferrari Chairman and CEO Sergio Marchionne has reportedly confirmed his retirement timeframe as early 2019 at the Detroit Motor Show.
Ferrari Chairman and CEO Sergio Marchionne has reportedly confirmed his retirement timeframe as early 2019 in an address in the USA regarding Fiat Chrysler's current position in the American market.

Marchionne, who is currently CEO of Fiat Chrysler as well as Chairman and CEO of Ferrari, has plotted out the time before he wants to step down from the roles and is expected to announce his retirement before the start of the new financial year in 2019.

Speaking at the Detroit Motor Show, Marchionne confirmed the news to the Detroit Free Press but it is not yet known how Ferrari will plan to replace the 64-year-old.

Marchionne replaced Luca di Montezemolo as Ferrari president in late 2014 having led the Fiat Chrysler company back to success as top boss in 2009.

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Ferrari returned to the top step of the F1 podium in 2015 with three wins achieved by new signing Sebastian Vettel but the Italian manufacturer's progress has stagnated in 2016 when it slipped behind Red Bull to third in the F1 world constructors' championship.



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csmith

January 13, 2017 12:03 PM

The issue is not with his management skills. I dont know if he is good or not, but one thing i know is he lacks the passion that Luca Montezemelo had for formula1. Luca made a huge mistake by putting Stefano Domenecali (who then surrendered the team to Alonso) Marchionne put in Arrivabene (who was worse than stefano). Arrivabene is worse than Stefano going by results. The only decent guy seems to be Marco Mattiacci but he was Luca's protege and was quickly shown the door upon Luca's exit. Marco had the guts to replace Alonso with Vettel something that either Stefano or Arrivabene or even Marchionne would have never done.

mrfill

January 14, 2017 2:12 AM

Isn't this the usual Ferrari being Ferrari? Whenever the road cars are a bit rubbish, the F1 cars win everything. Currently the road cars are amazing, so F1 goes down the pan....



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