Connect with us

F1 top news

Demanding Marchionne to take another Ferrari executive role

Published

on

Demanding Marchionne to take another Ferrari executive role

Demanding Marchionne to take another Ferrari executive role

Sergio Marchionne looks set to add yet another executive role to his plate.

Bloomberg, the business news agency, said the Fiat Chrysler and Ferrari president will soon also take over as Ferrari’s CEO, as Amedeo Felisa is tipped to retire.

Ferrari declined to comment, but the news follows the Maranello marque having lost almost a third of its value since being floated on the New York stock exchange last October.

Bloomberg said Felisa, 69, was one of the “closest aides for more than 20 years” of former president Luca di Montezemolo, who was ousted by Marchionne prior to the floatation.

If confirmed, Marchionne will add his new role as Ferrari CEO to his other titles, including chairman roles at companies CNH and SGS, vice-chairman of the Agnelli family investment company Exor and a director of Philip Morris.

The 63-year-old Italian-Canadian is famously demanding, sleeping only three or four hours a night and setting Ferrari team boss Maurizio Arrivabene the goal of immediately winning races in 2016.

So when asked if he has already let Marchionne down, Arrivabene told Germany’s Welt am Sonntag newspaper: “You need to understand and interpret such statements correctly.

“Marchionne said he wants a Ferrari to be first on the grid and win in Melbourne, but I think we were very close to Mercedes and the victory,” he said.

“On the other hand it’s perfectly normal that big companies like Ferrari set high targets. For me it is therefore understandable that the bar is as high as possible.”

Comments

Latest Results




Latest F1 News

2018 F19 hours ago

Berger tips Mick Schumacher for Ferrari seat

F1 legend Gerhard Berger thinks Michael Schumacher’s son is on the road to a career at Ferrari. Currently, rumours are...

2018 F19 hours ago

Vettel no fan of electric cars

Sebastian Vettel says he is no fan of the trend towards electrically powered cars. The new Formula E season has...

2018 F19 hours ago

Canada GP not in danger – promoter

The future of the Canadian grand prix is not in danger. That is the view of Montreal race promoter Francois...

2018 F110 hours ago

Team incidents hurt Ferrari in 2018 – boss

Maurizio Arrivabene thinks a series of incidents hurt Ferrari’s charge for the 2018 title. Some think the biggest problem with...

2018 F13 days ago

Ferrari to reveal 2019 car on February 15

Ferrari will reveal its 2019 challenger on February 15, team boss Maurizio Arrivabene said on Thursday. The Italian attended an...

2018 F14 days ago

F1 teams worried about Brexit crisis

F1 teams admit they are worried about the Brexit crisis that is occurring in Britain. After British people voted in...

2018 F14 days ago

‘I have mixed feelings’ about Kubica return – Vettel

Sebastian Vettel says he has “mixed feelings” about Robert Kubica’s return to formula one. Former grand prix winner Kubica, now...

2018 F14 days ago

Monza seeking EUR 100m for upgrade

Monza is looking for EUR 100 million to upgrade the Italian grand prix venue and secure a new grand prix...

2018 F15 days ago

Sirotkin to test DTM, Hartley to Porsche

Sergey Sirotkin could keep his motor racing career alive in the German touring car series DTM. SMP Racing, his Russian...

2018 F15 days ago

McLaren not ‘copying’ Red Bull car – Sainz

Carlos Sainz has played down claims McLaren is ‘copying’ Red Bull’s chassis concept for 2019. With Red Bull moving to...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media