Marchionne could step down from Ferrari role early

Ferrari president and Fiat CEO Sergio Marchionne could step down from his role earlier than expected, with the Italian car company's board potentially putting a successor in place later on Saturday.

Marchionne could step down from Ferrari role early

Marchionne had been due to step down later this year, but medical issues caused by a recent shoulder operation appear to have fast-tracked moves by Fiat to sort matters out.

A report by the respected Automotive News Europe website, citing sources familiar with the situation, said that the board had been called together on Saturday to discuss Marchionne's replacements.

In terms of his Fiat role, four candidates have emerged: Alfredo Altavilla (EMEA manager of the group), Richard Palmer (financial director), Pietro Gorlier (CEO of Magneti Marelli) and Mike Manley, head of the Jeep brand.

For Ferrari, favourite to replace Marchionne as CEO is Ferrari board member and former Philip Morris chairman Louis Carey Camilleri, with John Elkann linked with the Ferrari president role.

Fiat and Ferrari have declined to comment on the reports.

An early departure from Ferrari for Marchionne would have a big impact on the team, because he has been a driving force in pushing it on in recent years – as well as helping bring the Alfa Romeo name back to F1.

Marchionne has also played a key role in discussions over 2021 rules, having threatened to pull Ferrari out of F1 if he feels the sport heads in a direction that does not suit the Italian car manufacturer.

Additional reporting by Franco Nugnes

 

shares
comments
Sauber to halt 2018 car development
Previous article

Sauber to halt 2018 car development

Next article

German GP: Leclerc leads Sauber 1-2 in rain-hit FP3

German GP: Leclerc leads Sauber 1-2 in rain-hit FP3
Load comments
How Ferrari gained a new edge over McLaren in F1 2021 battle Prime

How Ferrari gained a new edge over McLaren in F1 2021 battle

Supremacy in the McLaren vs Ferrari fight over third place in the constructors’ championship has ebbed and flowed between the two teams so far in the 2021 Formula 1 season. But for several key reasons, right now it seems the advantage has swung decisively back to the Scuderia and McLaren knows it.

The details that boosted Verstappen and held back Hamilton in Austin Prime

The details that boosted Verstappen and held back Hamilton in Austin

As the 2021 Formula 1 title battle winds towards its climax, the United States GP added another thrilling act in the Lewis Hamilton-Max Verstappen battle. Although Hamilton aced the start, Verstappen and Red Bull took the initiative with strategy and were richly rewarded, despite Mercedes' best efforts as the race went down to the wire

Formula 1
Oct 25, 2021
US Grand Prix Driver Ratings Prime

US Grand Prix Driver Ratings

On a baking hot afternoon in Texas, Formula 1 drivers were tested to their limits. As the pressure on the title contending squads reaches an ever-greater level of intensity, the foremost challengers again showed their class, but were outshone by a standout drive from the upper midfield

Formula 1
Oct 25, 2021
The 10 greatest drives of lost legend Jo Siffert Prime

The 10 greatest drives of lost legend Jo Siffert

It's 50 years since Jo Siffert was killed in his prime at Brands Hatch. The Swiss scored just two world championship wins in a Formula 1 career spent largely with privateer teams, but showed on numerous occasions in single-seaters and in sportscars with Porsche that he could beat any of the best drivers of his era given the right equipment.

Formula 1
Oct 24, 2021
Why a misunderstood Kimi Raikkonen will thrive in retirement Prime

Why a misunderstood Kimi Raikkonen will thrive in retirement

Three years on from Kimi Raikkonen's last Grand Prix victory at Austin, he is now six races away from ending the longest Formula 1 career in history. His friend and former Ice1 Racing rally team PR man Anthony Peacock explains why there’s nobody quite like the 2007 world champion and why F1 will miss him (but he won’t miss it).

Formula 1
Oct 24, 2021
How Verstappen has become F1 champion material Prime

How Verstappen has become F1 champion material

As Red Bull and Honda go all-out for victory in the Japanese engine manufacturer’s last season of its latest Formula 1 dalliance, Max Verstappen finds himself thrust into a compelling title fight with Lewis Hamilton. He told OLEG KARPOV about his evolution into a world championship contender and why Red Bull's no compromise ethos suits him down to the ground

Formula 1
Oct 23, 2021
Why long-run times should please Red Bull in Austin F1 battle Prime

Why long-run times should please Red Bull in Austin F1 battle

Mercedes has been on a roll of late in the ultra-tight fight to win the 2021 Formula 1 world championship. It started off well in practice at Austin for this weekend’s US Grand Prix, but Red Bull got closer as Friday unfolded and even seemed to find an edge in one critical area of what seems set to be set to be another close contest.

Formula 1
Oct 23, 2021
The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen Prime

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen

The 2021 Formula 1 title battle is finely poised with six races remaining, as just six points separate championship leader Max Verstappen from seven-time champion Lewis Hamilton. In such a closely-fought season, the outcome could hinge on several small factors playing the way of Red Bull or Mercedes

Formula 1
Oct 22, 2021