Ferrari chairman and CEO to serve 3 more years, new board members appointed

Article by Christian A., on March 26, 2014

Ferrari has renamed Luca Cordero di Montezemolo as chairman and Amedeo Felisa as chief executive. Ferrari’s board of directors now has new members -- Harald Wester, Scott Garberding, Antonio Picca Piccon and Giorgio Fossati. They are replacing outgoing directors Gianni Coda, Christopher Gent, Paolo Monferino and Lindsay Owen Jones.

The chief executive of Fiat Chrysler Automobiles, Sergio Marchionne, remains on the board, along with three other executives: Richard Palmer, Marco Piccinini and Alfredo Altavilla. Ferrari is controlled by Fiat Chrysler. Piero Ferrari, the son of founder Enzo Ferrari, is still deputy chairman. The directors will serve for a three years from 2014-2016, Ferrari said in a statement following its annual shareholders meeting.

In the statement, Ferrari reported that it posted a 5-percent drop in vehicle sales in 2013 to 6,922 units, although it logged a 5-percent surge in revenues to EUR2.3 billion. Ferrari’s trading profit leaped 8 percent to EUR363.5 million and while net profit jumped 5 percent to EUR246 million. "Ferrari's strategy of keeping down the number of cars it builds to preserve their exclusivity and value over time has yielded excellent results," the statement said.

If you liked the article, share on:

Topics: ferrari, ceo

Comments

Recommended

Last year was probably one of the busiest years for the European New Car Assessment Programme, with a total of around 70 cars tested. But amongst that huge pack of...
by - January 16, 2018
For the longest time, women in Saudi Arabia were restricted from doing what men were able to do freely. And one of the most pressing issues was driving. In the...
by - January 16, 2018
Automakers that have teamed up with Formula 1, like Mercedes-AMG, develop the coolest road-going supercars just like the Project One. Aston Martin and Red Bull, on the other hand, have...
by - January 15, 2018
There is nothing more exciting happening this month than the 2018 Tokyo Auto Salon - especially with all the concepts that are being uncovered. Apart from the Toyota GR Super...
by - January 15, 2018
The very first time we ever saw Bentley’s SUV, the Bentayga, was back in September 2015 when it came out with the impressive W12 engine. A year after that, it...
by - January 15, 2018
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries