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Shaking in Maranello. CEO Louis Camilleri has stopped driving Ferrari. The announcement came last night, with the stock exchanges closed, and it is a surprising move. His functions will be assumed on an interim basis by President John Elkann, who together with the board of directors will manage the process, already started, to identify the successor.
Camilleri resigned for “personal reasons”, not only from Ferrari but also from Philip Morris in which he had held the position of chairman of the council after having long been number one. Behind the resignation hides the fatigue of a man who, at 65, fought hard against the pandemic. Infected with Covid, he had been hospitalized in the United States. Once he left, he is better now, he made the decision not to continue with his working life. Polyglot, globetrotter, born in Egypt into a Maltese family, iThe top manager has had a difficult year from a human point of view. The pandemic had complicated his travels, keeping him away from his three children, from his home in New York, one of the most beautiful in Manhattan, say those who frequented it.
The move to Maranello was not easy at first, it was the sponsorship links between the tobacco multinational and Formula 1 that pushed him behind the wheel of the Cavallino after the death of Sergio Marchionne in July 2018, a year before he had joined the directive. .
Elkann trusts him and gives him the keysYou need a man you can trust, despite the fact that Camilleri has no auto industry. It wasn’t easy to take on such a heavy legacybut with his “soft approach” he succeeds in convincing analysts and the stock market by carrying out Marchionne’s industrial plan. He had not accepted the job in Italy for money, he had already earned a lot, but for “love of the brand.”
In a letter to Ferrari employees Elkann He greets him like this: «I know it was not an easy decision for him, he took the helm at a very difficult time after Sergio’s premature death. His commitment was total, he achieved results superior to those he had proposed. We will continue with that strategy.
Speaking to the press, he was buttoned up, much more talkative with analysts who had appreciated his dry, pragmatic style. He knew little about racing, and it was his limit, but he understood finances and the results proved him right. When he said goodbye to the Cavallino, he stressed that “Ferrari has been part of my life. I know that the best years for this company are yet to come. Whoever takes his place will have many dossiers on the table, including the launch of the first SUV.
