{"id":397839,"date":"2020-12-10T16:24:14","date_gmt":"2020-12-10T21:24:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397839"},"modified":"2020-12-10T16:24:14","modified_gmt":"2020-12-10T21:24:14","slug":"chief-executive-officer-louis-camilleri-retires-for-personal-reasons-executive-chairman-john-elkann-acting-chief-executive-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chief-executive-officer-louis-camilleri-retires-for-personal-reasons-executive-chairman-john-elkann-acting-chief-executive-officer\/","title":{"rendered":"Chief Executive Officer Louis Camilleri Retires for Personal Reasons; Executive Chairman John Elkann acting Chief Executive Officer"},"content":{"rendered":"
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Maranello (Italy), 10 December 2020 \u2013 Ferrari N.V. (NYSE\/MTA: RACE) (\u201dFerrari\u201d or \u201cthe Company\u201d) announces that Mr. Louis Camilleri communicated today to the Company his decision, for personal reasons, to retire with immediate effect from his role as the Company\u2019s Chief Executive Officer and as member of the Board of Directors.<\/p>\n

Ferrari\u2019s Executive Chairman, John Elkann, acknowledging with regret Mr. Camilleri\u2019s decision, announced he will act as interim Chief Executive Officer while the Ferrari Board of Directors will manage the ongoing process of identifying Mr. Camilleri\u2019s successor.<\/p>\n

Commenting on Mr. Camilleri\u2019s retirement, John Elkann said: \u201cI would like to express our most sincere thanks to Louis for his unstinting dedication as our Chief Executive Officer since 2018 and as member of our Board of Directors since 2015. His passion for Ferrari has been limitless and under his leadership the Company has further affirmed its position as one of the world\u2019s greatest companies, capitalising on its truly unique heritage and unerring quest for excellence. We wish him and his family a long and happy retirement.\u201d<\/p>\n

Louis Camilleri said: \u201cFerrari has been a part of my life and serving as its Chief Executive has been a great privilege. My admiration for the extraordinary men and women of Maranello and for the passion and dedication they apply to everything they do, knows no bounds. I\u2019m proud of the Company\u2019s numerous achievements since 2018 and know that Ferrari\u2019s best years are still to come.\u201d<\/p>\n

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