FCA Boss Mike Manley To Be Ferrari's New CEO?

Industry News / Comments

A decision is expected to be made next week.

Last month, Ferrari made the shock announcement that Louis Camilleri is stepping down as CEO with immediate effect. Camilleri is currently recovering from health problems after contracting Covid-19, but this didn't affect his decision to retire. Camilleri only served as Ferrari's CEO for just over two years after his predecessor, Sergio Marchionne, passed away in 2018.

During this time, Camilleri oversaw the launch of the F8 Tributo, SF90 Stradale, SF90 Spider, and the Roma. Temporarily taking Camilleri's place is Ferrari executive chairman John Elkann, but Ferrari is looking to appoint a new permanent CEO. According to Italian publication Il Messaggero, Fiat Chrysler boss Mike Manley could become Ferrari's new CEO, but nothing is official yet.

Fiat Chrysler
Fiat Chrysler

Manley became FCA's CEO in 2018 after taking over from the late Sergio Marchionne and previously served as Head of the Jeep and Ram brands. Under his leadership, he turned Jeep into one of the world's leading off-road brands. The Italian newspaper claims Manley would be a suitable candidate to turn around Ferrari's failings in Formula One this year.

2020 has been a dismal year for Ferrari in F1 as the team failed to win a single race and finished sixth in the constructor's championship. To put this into perspective, this was the team's worst performance since 1980.

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Fiat Chrysler
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If Manley is appointed as Ferrari's new CEO, it's unclear if he will continue his role as FCA's CEO but a decision is expected to be made at a Ferrari board meeting next week.

Rumors had suggested Stefano Domenicali, the former head of Ferrari's racing team and ex-Lamborghini boss, will replace Camilleri as Ferrari's CEO, but an F1 spokesperson denied these rumors, adding that Domenicali will start his new job as F1 CEO on January 1, 2021, as planned. Italian media also claims Maserati's chief operating officer Davide Grasso is another possible candidate for the role, but we'll hopefully find out who Ferrari's new CEO will be next week.

Fiat Chrysler
Fiat Chrysler
Fiat Chrysler
Source Credits: Il Messaggero

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