Home Technology Ferrari falls 1% after CEO Camilleri’s sudden exit

Ferrari falls 1% after CEO Camilleri’s sudden exit

by News Updater

Shares in Ferrari fell greater than 1% on Friday after the sudden departure of CEO Louis Camilleri, as soon as once more elevating questions on management and future technique on the luxurious carmaker.

Camilleri, 65, retired citing private causes and Chairman John Elkann, the scion of Italy’s Agnelli household, will lead the corporate on an interim foundation, Ferrari stated late on Thursday.
Camilleri was appointed to guide Ferrari in July 2018 after the sudden loss of life of former CEO Sergio Marchionne. Throughout his tenure, Ferrari was among the best performing shares within the auto sector, as demand for its excessive efficiency automobiles remained sturdy regardless of the coronavirus pandemic.

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