First candidate for position of CEO at Ferrari drops out

After the sudden departure of Louis Camilleri as CEO, Ferrari must now look for a new leader to pull the cart in Maranello. Names of directors of all sorts of companies have been circulating in recent weeks, but one serious candidate is already dropping out.

It concerns Mike Manley, he is currently the boss at FCA, or the FIAT-Crysler group. That company owns 90% of Ferrari's shares, so his changeover sounded like a logical solution. Certainly because Sergio Marchionne, Camilleri's beloved predecessor, who unfortunately died, walked the same path.

However, due to important developments at FCA, Manley's services are expected elsewhere. FCA will merge with PSA (Peugeot/Citroën) from January under the name Stellantis. Manley will represent the interests of that conglomerate in North and South America, says SoyMotor.com.

Ferrari will therefore have to look further and there is a good chance that their new CEO will be someone from outside the automotive industry. In the Italian media, the names of Vittorio Colao, the current CEO of Vodafone, and Luca Maestri and Jonathan Paul Ive are circulating. The latter two would arrive from Apple.