Louis Camilleri, the Chief Executive Officer at Ferrari SpA has announced his retirement through a shocking movement. He has announced his retirement with immediate effect. The announcement came out of the blue and is said to be for ‘personal reasons’.
Camilleri is also retiring from the Ferrari board and from the role of Chairman at Philip Morris International Inc. “Ferrari has been a part of my life and serving as its chief executive has been a great privilege. My admiration for the extraordinary men and women of Maranello and for the passion and dedication they apply to everything they do, knows no bounds. I’m proud of the company’s numerous achievements since 2018 and know that Ferrari’s best years are still to come,” he said.
As the iconic automaker is retiring the Executive Chairman of Ferrai, John Elkann will be acting as interim CEO until the identification of new successor. Louis Camilleri was appointed as the Ferrari CEO in 2018, following the death of the legendary Ferrari chief Sergio Marchionne. His tenure saw the brand grow larger commercially with the launch of several new products, notably the Ferrari Roma, F8 Tributo, 812 Superfast and the SF90 Stradale.