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Ferrari names Marchionne as CEO, seeks to regain F1 glory
Sergio Marchionne took full control of super sports carmaker Ferrari NV, adding the CEO title on Monday to that of chairman as he positions the carmaker in the luxury goods space and seeks to regain Formula One glory. Marchionne's replacement of CEO Amedeo Felisa came as Ferrari posted its best first-quarter earnings ever, a 19-percent increase in net profit to €78 million ($89.5 million). That compares with €65 million in the same period last year. 'I remain as bullish on the prospects for this company as I was when I present Ferrari to the markets,' Marchionne, who is also CEO of mass-market carmaker Fiat Chrysler, told an analyst conference call. 'We are just now beginning...
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10y ago from F1Pulse.com
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