Ferrari CEO Louis Camilleri retires, John Elkann to take interim role

Ferrari’s chief executive of five years has left the role with immediate effect

Louis Camilleri

Louis Camilleri, Ferrari’s chief executive officer, has communicated his decision to step down from his role with immediate effect for personal reasons. This involves both his role as CEO and a member of Ferrari’s Board of Directors. In the interim he will be replaced by Ferrari’s executive chairman, John Elkann, until a suitable successor is appointed. 

Mr Camilleri took on the role in 2018 after the death of Sergio Marchionne and played a key part in planning Ferrari’s rapid growth and model diversification that is only just now beginning to take shape. He was also an avid supporter of the F1 team, and emphasised how crucial it is in the overall success of the brand. 

roma

What will surely be seen as his most controversial move was the green-lighting of Ferrari’s first SUV, which is already in development. This new model will not only break new ground for the sports car manufacturer, but also push total production numbers higher than ever, breaking Ferrari’s usual production cap. 

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.”

Ferrari’s F1 team operations will continue unaffected, led by team principal Mattia Binotto. Ferrari’s board of directors will make an official decision as to Camilleri’s replacement in the coming months.

Recommended

McLaren 600LT v Porsche 911 GT3 v Nissan GT-R Nismo
McLaren 600LT v Porsche 911 GT3 v Nissan GT-R Nismo
Supercars

McLaren 600LT v Porsche 911 GT3 v Nissan GT-R Nismo

What will it take to expose any weaknesses in the new 911 GT3? Nissan’s brutal GT-R Nismo and McLaren’s ballistic 600LT should have the power and poli…
14 May 2022
High-riding Lamborghini Huracàn Sterrato spied again – the real sports utility vehicle
Lamborghini Huracan Sterrato prototype – front quarter
Lamborghini Huracan

High-riding Lamborghini Huracàn Sterrato spied again – the real sports utility vehicle

Lamborghini plans to join the Porsche 911 Safari with its own take on the high-riding supercar
12 May 2022
Aston Martin V12 Vantage 2022 review – why it fails as a fitting sign-off for the Aston V12
Aston Martin V12 Vantage review – header Matt Howell
Aston Martin V12 Vantage

Aston Martin V12 Vantage 2022 review – why it fails as a fitting sign-off for the Aston V12

It was always going to be a tough job to sign off Aston’s V12, but this is not the finest V12 Vantage, not by a long chalk
10 May 2022
Mystery Ferrari SF90 prototype spied in Germany
Ferrari SF90 German test car – front quarter
Ferrari SF90 Stradale

Mystery Ferrari SF90 prototype spied in Germany

Ferrari’s groundbreaking SF90 Stradale has been criticised for a lack of synergy, is this prototype a sign it’s in for an update?
10 May 2022

Most Popular

Prodrive P25 teased – continuation Subaru Impreza WRX STI on its way
P25 teaser
Subaru

Prodrive P25 teased – continuation Subaru Impreza WRX STI on its way

Maker of the P1 and a key facilitator of Subaru’s rally heritage, Prodrive is working on a very special new project
19 May 2022
Viritech Apricale – deep dive on the first hydrogen-powered hypercar
Viritech Apricale
car technology

Viritech Apricale – deep dive on the first hydrogen-powered hypercar

This is not another heavyweight battery-electric hypercar, rather it’s a showcase for a new hydrogen fuel-cell technology that can deliver 1200bhp in …
18 May 2022
Used car deals of the week
header
used cars

Used car deals of the week

This week, we found a special McLaren 12C, a rare Mazda RX-7 and more
19 May 2022