Chief Executive Officer Louis Camilleri Retires for Personal Reasons; Executive Chairman John Elkann acting Chief Executive O...
December 10 2020 - 4:20PM
Maranello (Italy), 10 December 2020 – Ferrari
N.V. (NYSE/MTA: RACE) (”Ferrari” or “the Company”) 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’s Chief Executive Officer and as member of the Board
of Directors.
Ferrari’s Executive Chairman, John Elkann,
acknowledging with regret Mr. Camilleri’s 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’s successor.
Commenting on Mr. Camilleri’s retirement, John
Elkann said: “I 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’s
greatest companies, capitalising on its truly unique heritage and
unerring quest for excellence. We wish him and his family a long
and happy retirement.”
Louis Camilleri said: “Ferrari 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’m proud of the Company’s
numerous achievements since 2018 and know that Ferrari’s best years
are still to come.”
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