Ferrari president Marchionne could be replaced earlier than expected

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

Ferrari president Marchionne could be replaced earlier than expected

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 put a replacement in sooner.

A report by the respected Automotive News Europe website, citing sources close to 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, the 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.

shares
comments
Formula 1: Sauber to halt 2018 car development next week
Previous article

Formula 1: Sauber to halt 2018 car development next week

Next article

Formula 1: Leclerc leads Sauber one-two in final practice

Formula 1: Leclerc leads Sauber one-two in final practice
How Ferrari’s Monaco headache became its Silverstone migraine Plus

How Ferrari’s Monaco headache became its Silverstone migraine

OPINION: Ferrari won the British Grand Prix with Carlos Sainz, but it ultimately cost Charles Leclerc a chance to make a bigger dent in Max Verstappen's title lead by leaving the Monegasque out on old tyres towards the end. Like Monaco, indecision over strategy proved to be the Scuderia's biggest issue - and if the team doesn't reflect, the headache can only intensify

The five factors behind Sainz winning a British GP he’d twice lost Plus

The five factors behind Sainz winning a British GP he’d twice lost

Formula 1 has a newest race winner, in a grand prix the victor appeared to have lost twice, only to charge back to headline a sensational and dramatic British Grand Prix. From a massive start crash to a late sprint finish, here’s how five factors saw Carlos Sainz take his maiden grand prix win

Formula 1
Jul 4, 2022
Why there was no case to answer in Aston’s latest F1 copycat saga Plus

Why there was no case to answer in Aston’s latest F1 copycat saga

The appearance of a revised Aston Martin in Spain caused controversy but PAT SYMONDS explains why the FIA investigation found the Silverstone team had no case to answer

Formula 1
Jul 3, 2022
Why it's Red Bull that really leads a three-way fight so far at Silverstone Plus

Why it's Red Bull that really leads a three-way fight so far at Silverstone

After a slow start to Friday at Silverstone, all the Formula 1 teams had to effectively cram in a day’s worth of practice into one hour. But there was still plenty to learn and while Ferrari topped the times, a three-way battle is brewing ahead of the British Grand Prix

Formula 1
Jul 2, 2022
Why the future is bright for the British GP Plus

Why the future is bright for the British GP

It wasn’t so long ago the situation looked bleak at Silverstone with the future of the British Grand Prix under threat. But a transformation has seen it restored to one of the most important races on the Formula 1 calendar, with bigger and better to come

Formula 1
Jul 1, 2022
Could mixed fortunes for F1's leading Brits turn around at Silverstone? Plus

Could mixed fortunes for F1's leading Brits turn around at Silverstone?

For the first time in many years, none of the local racers starts among the favourites for the British Grand Prix. But George Russell, Lewis Hamilton and Lando Norris could have reasons for optimism

Formula 1
Jun 30, 2022
Verstappen exclusive: Why F1’s champion isn’t fazed by Silverstone return Plus

Verstappen exclusive: Why F1’s champion isn’t fazed by Silverstone return

Max Verstappen is the world’s number one racing driver… and he’s determined to keep it that way. Speaking exclusively to GP Racing's OLEG KARPOV, the Red Bull driver explains why he’s relishing the 2022 championship battle with Charles Leclerc – and why he’s not worried about returning to Silverstone, the scene of the biggest accident of his career last year

Formula 1
Jun 30, 2022
Why Red Bull’s RB17 hypercar can help its F1 team Plus

Why Red Bull’s RB17 hypercar can help its F1 team

On Tuesday, Red Bull laid out its plans to develop and build a new hypercar - the RB17 - penned by Adrian Newey. As the project itself sates Newey as a creative outlet, it also offers Red Bull's Formula 1 team a number of new and exciting avenues to pursue

Formula 1
Jun 29, 2022