Ferrari CEO Louis Camilleri has unexpectedly quit the company after fighting the coronavirus, and his replacement has yet to be decided.
Camilleri, 65, resigned for personal reasons, according to the legendary Italian sports car maker, and John Elkann, Ferrari chairman and head of the Agnelli family, will step in as a stop-gap.
It’s the second time in just two years that the top job in Maranello has suddenly become available. In 2018 Sergio Marchionne, the charismatic boss of Ferrari and Fiat Chrysler Automobiles died after complications following surgery, and now it seems that health issues have led to Camilleri’s departure as well.
Camilleri will also resign from Ferrari’s board, where he has been an independent director since 2015. His appointment to the number one job in 2018 surprised many, as he had no automotive experience, having worked in the tobacco industry for 40 years. He was, however, close to Marchionne, and Ferrari’s fortunes continued to grow under his leadership.
Who will be next to the hot seat at Italy’s most-loved car brand?