Ferrari CEO Amadeo Felisa, 69, has officially stepped down from the position after 26 years of service, the automaker has announced. As expected, his successor is Fiat Chrysler CEO and current Ferrari chairman Sergio Marchionne, who becomes effective in the role immediately.
“I have known Amedeo for more than a decade and I have had the opportunity to work with him closely for the last two years,” Marchionne said of his predecessor. “He is beyond any doubt one of the best automotive engineers in the world. During the last 26 years, he has worked tirelessly to fuel and guide Ferrari’s technical development, producing an array of cars which have set the standard for both performance and styling.”
Marchonne will assume the responsibilities of CEO will also retaining his role as chairman. Felisa will continue to serve on the Ferrari Board of Directors as a technical advisor going forward, with the board saying they are “is delighted to be able to count on his services as technical advisor to the leadership team going forward.”
Felisa assumed the role of CEO at Ferrari in 2008 after serving as the automaker’s general manager and spending time in its product development division.