Ferrari chief Louis Camilleri resigns (Photo Credit: Twitter)
During Camilleri’s tenure, Ferrari was one of many best-performing shares within the automotive sector, as demand for the corporate’s high-performance automobiles remained robust.
- AFP Abu Dhabi
- Last Updated: December 11, 2020, 16:12 IST
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Chief Executive Officer Louis Camilleri introduced his departure from Ferrari on Friday for private causes on the eve of this weekend’s season-ending Abu Dhabi Grand Prix.
The 65-year-old Italian left his publish with speedy impact.
He was appointed in July 2018 as a substitute for Sergio Marchionne who was unwell and died days later.
He made adjustments throughout his interval as boss – bringing in present group boss Mattia Binotto to interchange Maurizio Arrivabene and this yr deciding to not retain four-time champion, Sebastian Vettel, subsequent season.
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“Ferrari has been a part of my life and serving as its chief executive has been a great privilege,” mentioned Camilleri in an announcement issued by Ferrari.
“My admiration for the extraordinary men and women of Maranello and for the passion and dedication they apply to everything they do, knows no bounds.
“I’m proud of the company’s numerous achievements since 2018 and know that Ferrari’s best years are still to come.”
Ferrari have endured a tough and disappointing season this yr and have did not win a race. In 2019, the group generated controversy through the use of an irregular energy unit.
Ferrari’s govt chairman John Elkann has taken over as chief govt on a short lived foundation.