Ferrari CEO Louis Camilleri retires, John Elkann to take interim role

Ferrari’s chief executive of five years has left the role with immediate effect

Louis Camilleri

Louis Camilleri, Ferrari’s chief executive officer, has communicated his decision to step down from his role with immediate effect for personal reasons. This involves both his role as CEO and a member of Ferrari’s Board of Directors. In the interim he will be replaced by Ferrari’s executive chairman, John Elkann, until a suitable successor is appointed. 

Mr Camilleri took on the role in 2018 after the death of Sergio Marchionne and played a key part in planning Ferrari’s rapid growth and model diversification that is only just now beginning to take shape. He was also an avid supporter of the F1 team, and emphasised how crucial it is in the overall success of the brand. 

roma

What will surely be seen as his most controversial move was the green-lighting of Ferrari’s first SUV, which is already in development. This new model will not only break new ground for the sports car manufacturer, but also push total production numbers higher than ever, breaking Ferrari’s usual production cap. 

Commenting on Mr. Camilleri’s retirement, John Elkann said: “I would like to express our most sincere thanks to Louis for his unstinting dedication as our Chief Executive Officer since 2018 and as member of our Board of Directors since 2015. His passion for Ferrari has been limitless and under his leadership the Company has further affirmed its position as one of the world’s greatest companies, capitalising on its truly unique heritage and unerring quest for excellence. We wish him and his family a long and happy retirement.”

Ferrari’s F1 team operations will continue unaffected, led by team principal Mattia Binotto. Ferrari’s board of directors will make an official decision as to Camilleri’s replacement in the coming months.

Recommended

Ferrari Dinos go head-to-head – 246 GT v 206 GT
Ferrari Dinos go head-to-head
Ferrari

Ferrari Dinos go head-to-head – 246 GT v 206 GT

A smaller, lighter car with half the cylinders – the Dino GT was revolutionary for Ferrari. We compare original 206 with classic 246
9 Jan 2021
Ferrari 550 Maranello: history, specs and used review
Ferrari 550 Maranello front
Ferrari

Ferrari 550 Maranello: history, specs and used review

The decision to revert to a front-engined layout for the 550 Maranello led to the creation of an all-time Ferrari great
3 Jan 2021
Ferrari 250 GTO: the history, specs, prices and hype of an automotive icon
Ferrari 250 GTO rear drift
Ferrari

Ferrari 250 GTO: the history, specs, prices and hype of an automotive icon

In the world of front-engined Ferraris, one stands above all others. But can the 250 GTO really justify the hype – and the stratospheric values? We as…
29 Dec 2020
GTO Engineering – inside the UK's Ferrari specialist 
GTO Engineering workshop
Ferrari

GTO Engineering – inside the UK's Ferrari specialist 

Don’t be fooled by the stately surroundings; GTO Engineering is one of the most dynamic and innovative Ferrari specialists in the world
26 Dec 2020

Most Popular

TOM’S Racing Toyota GR Yaris revealed – homologation special gains focus
TOM’S Racing Toyota GR Yaris front
Toyota GR Yaris

TOM’S Racing Toyota GR Yaris revealed – homologation special gains focus

Japanese racing outfit TOM’S becomes the latest firm to mod the new Toyota GR Yaris
20 Jan 2021
Entry-level rear-wheel drive Porsche Taycan revealed
Porsche Taycan rear-wheel drive
Porsche Taycan

Entry-level rear-wheel drive Porsche Taycan revealed

Porsche’s Taycan range continues to grow, with this new £70,690 entry-level model
19 Jan 2021
'Traction control, ABS, airbags, lights, – one press of a button and they're all off. We're better off without them'
Richard Porter opinion
Opinion

'Traction control, ABS, airbags, lights, – one press of a button and they're all off. We're better off without them'

The Common Sense Car offers a glimmer of hope for British sports car lovers
19 Jan 2021