Ferrari Has a New CEO, and It’s the Person You Probably Expected

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Sergio Marchionne is taking over as CEO of Ferrari, with current CEO Amedeo Felisa announcing his retirement. The change is effective immediately, and Marchionne will retain his position as CEO of Fiat Chrysler Automobiles.

Marchionne was previously named chairman of Ferrari after former chairman Luca Di Montezemolo quit in September 2014, reportedly over disagreements with Marchionne over Ferrari’s future. Marchionne then oversaw Fiat Chrysler’s selloff of the Italian supercar brand later that year and an IPO in 2015. His reign as the top Ferrari exec will be brief: Marchionne, 63, has said that he intends to retire in 2018.

Amadeo Felisa

Felisa, 69, is retiring after 26 years at Ferrari. He assumed the role of CEO in 2008, after time spent in product development and as general manager of the brand. He will continue to serve on Ferrari’s Board of Directors and will be a technical advisor to the company.

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We don’t yet know what this shakeup might mean for Ferrari, but Marchionne certainly will be busy heading up both FCA and highly profitable Ferrari. He has previously stated intentions to increase Ferrari production, but assures that doing so won’t “screw up the DNA of Ferrari.” Ever the entertaining and quotable executive, he’s also said that a Ferrari SUV is highly unlikely—”You have to shoot me first”—and that an entry-level, V-6–powered Dino sports car was “not a question of if but when.”

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