Fiat, Ferrari boards to meet on Marchionne succession: report

Young journalists club

News ID: 26267
Publish Date: 11:32 - 21 July 2018
TEHRAN, July 21_The boards of carmakers Fiat Chrysler (FCHA.MI) and Ferrari (RACE.MI) will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said.

Fiat, Ferrari boards to meet on Marchionne succession: reportTEHRAN, Young Journalists Club (YJC) _The boards of carmakers Fiat Chrysler (FCHA.MI) and Ferrari (RACE.MI) will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been on medical leave, Automotive News said.

The report, citing people familiar with the matter, also said Louis Carey Camilleri, a Ferrari board member and former chairman of Philip Morris International, would be named Ferrari’s chief executive.

Fiat Chrysler and Ferrari declined to comment on the report

Source:Reuters

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