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Marchionne to step down from role as Ferrari president
Sergio Marchionne has brought forward his decision to step down as Ferrari president and CEO of the Fiat Group, his replacement is thought to be announced soon. Marchionne, 66, has been Fiat chief for 14 years and played a crucial role in helping the group recover from a dismal 2003, where they announced a loss of $6billion, to give them the stability and global reach they sought. He had also been a major figure in Scuderia Ferrari‘s restructuring in 2016 and bringing Alfa Romeo back into Formula 1, through the Sauber F1 Team. It is believed that Marchionne had decided to leave his duties at the end of 2018, but recent shoulder surgery and resulting recovery leave has accelerated his...
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7y ago from TheCheckeredFlag.co.uk
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