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BREAKING: Marchionne steps down from Ferrari due to health concerns
Fiat has confirmed that Sergio Marchionne has stepped down from his position as CEO and FCA of Ferrari, and will not be returning to work. It comes after Marchionne underwent surgery but then suffered complications following the procedure. John Elkann has been named as the companies new CEO with Former Philip Morris chairman Louis Camilleri is set to take over as Ferrari CEO. Marchionne had been running Ferrari since 2014, taking over from Luca de Montezemolo. A statement from Ferrari thanked Marchionne for his work and leadership. "The Board of Directors of Ferrari NV learned with deep sadness during its meeting today that Chairman and CEO Sergio Marchionne will be unable...
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