Connect with us

F1 top news

Ferrari boss Marchionne steps down from role due to sudden illness

Published

on

  • 21
    Shares

Ferrari and Fiat Chrysler Automobiles chairman Sergio Marchionne has been forced to leaves from his roles at both automotive companies due to suffering health complications following surgery.

A statement said: ‘The Board of Directors of Ferrari NV (“Ferrari”) (NYSE/MTA: RACE) learned with deep sadness during its meeting today that Chairman and CEO Sergio Marchionne will be unable to return to work.

“The Board’s thoughts are with Sergio Marchionne and his family and it is grateful for the extraordinary contribution he has made in recent years at the helm of Ferrari.

“The Board has named John Elkann as Chairman and will propose to Shareholders, at a meeting to be called in the coming days, that Louis C. Camilleri be named as CEO.

“The Board has also given Louis C. Camilleri the necessary powers to ensure continuity of the company’s operation.”

In a separate statement, Fiat Chrysler said: “during the course of this week unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours.”

Comments

Latest Results




Latest F1 News

2019 F18 hours ago

Grosjean criticised change to the tyre rules for 2019 F1

21SharesHaas F1 speedy Romain Grosjean has criticised a change to the tyre rules for 2019. Pirelli says teams may no...

2019 F110 hours ago

Alonso ‘could’ attend Barcelona second test – McLaren

21SharesMcLaren says Fernando Alonso will “maybe” be trackside at the Barcelona test next week. Earlier, there was speculation the now...

2019 F111 hours ago

Barcelona F1 Test 1 Results – Day 4 Full Results

21SharesNico Hulkenberg sets fastest lap of testing so far; Previously, Alex Albon was fastest for Toro Rosso; Valtteri Bottas follows...

2019 F11 day ago

F1 champs Rosberg, Button to be TV pundits in 2019 season

21SharesTwo former world champions will regularly be in the F1 paddock in 2019. Nico Rosberg has been signed up to...

2019 F11 day ago

Ferrari advantage ‘at least’ 5 tenths – Tost

21SharesMere days into 2019 winter testing, it appears that Ferrari has a clear advantage. With Sebastian Vettel and Charles Leclerc...

2019 F11 day ago

Barcelona F1 Test 1 Results – Day 3 Full Results

21SharesDaniil Kvyat goes fastest for Toro Rosso ahead of morning pace setter Kimi Raikkonen and Daniel Ricciardo. Williams car finally...

2019 F12 days ago

Barcelona F1 Test 1 Results – Day 3 First Half

21SharesKimi Raikkonen sets fastest time for Alfa Romeo Racing ahead of launch break in the third day of testing ;...

2019 F12 days ago

Barcelona F1 Test 1 Results – Day 2 Full Results

21SharesCharles Leclerc keeps Ferrari’s early domination on 2019’s F1 Testing timesheet by setting another fastest; lap-time in at Day Two....

2019 F13 days ago

Barcelona F1 Test 1 Results – Day 2 1PM

21SharesFerrari youngster Charles Leclerc setting pace on Day Two ahead of launch break. Toro Rosso driver Albon crashes in opening...

2019 F13 days ago

2019 Williams car not yet in Barcelona

21SharesWilliams’ 2019 car is not yet in Barcelona. Dead last in 2018, hopes were high that the once-great British team...




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