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Marchionne appointed Ferrari CEO

Role with it: Sergio Marchionne has taken on yet another role, adding Ferrari CEO to a number of other board member positions including FCA, Exor and Philip Morris.

Felisa stands down from top spot at Ferrari, takes on role as technical advisor

Ferrari logo3 May 2016

- Sergio Marchionne has accepted another significant responsibility in addition to his role as Fiat Chrysler Automobiles (FCA) CEO, and has taken the reigns as Ferrari CEO from Amedeo Felisa.

- Mr Felisa stands down from the top job after a 26-year tenure with the prancing horse and eight years in the role, but is not completely retiring from the company as expected, and will instead continue to serve the board of directors with a specific mandate as technical advisor to Ferrari.

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