Ferrari Chief Executive Officer Amedeo Felisa will retire after the automaker elects its new board of directors this week, according to Bloomberg.
Felisa, 69, will leave his role as CEO at Ferrari behind, but will remain on the manufacturer’s board of directors. Fiat Chrysler CEO and current Ferrari chairman Sergio Marchionne is expected to temporarily fill the position in Felisa’s absence, however Bloomberg notes that the decision has not been finalized and is subject to change.
Marchionne will take the helm at Ferrari just as the automaker is entering a period of great transition. The company held its IPO in October and must now find ways to boost profits while maintaining an air of exclusivity with its road cars. Opening more Ferrari theme parks is on the agenda, as is selling more clothing and accessories.
Felisa, who was one of former Ferrari boss Luca di Montezemolo’s closest aides for over 20 years, joined Ferrari in 1990 after running Alfa Romeo’s product development division for three years.