Italian sources are reporting late on Thursday evening that the boss of Ferrari, Sergio Marchionne will be resigning.
The news was confirmed by John Elkann – chairman and CEO of Exor, an investment company controlled by the Agnelli family who controls Ferrari and other interests including Juventus F.C. Elkhann also chairs and controls the automaker Fiat Chrysler Automobiles (FCA). It appears that Marchionne will be completing work during 2018 but will step down by 2019.
The most likely candidate for Marchionne’s replacement is FCA’s Chief operating officer for Europe, Middle East and Africa – Alfredo Altavilla. Born in Taranto, Italy the 53 year old is favoured by Elkhann within FCA.
In light of this change, perhaps we will finally see an end to the tobacco sponsorship that continues to linger on with Scuderia Ferrari. Marchionne is a board member of the Philip Morris International Inc., owners of Malboro Cigarettes, long term sponsor of the team.