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Ferrari names new CEO, chairman amid Marchionne's declining health
Fiat Chrysler Automobiles have confirmed that Ferrari CEO and chairman Sergio Marchionne will be "unable to return to work" due to declining health in recent hours. Marchionne, 66, took over as Ferrari CEO and chairman following the resignation of Luca di Montezemolo in September 2014, combining the role with his position overseeing the FCA group, of which Ferrari is part of. Reports in recent days claimed the FCA board was meeting to discuss a succession plan for Marchionne amid suggestions of his ailing health, with the latest meeting taking place on Saturday. In a statement issued by FCA, Marchionne was confirmed to be unable to return to work as a result of his state of...
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