Sergio Marchionne

MUMBAI: Sergio Marchionne, the former chairman and CEO of Ferrari, passed away in a Zurich hospital Wednesday, aged 66.

The news came four days after the Maranello-based company announced “with deep sadness” that Marchionne was unable to return to work, with John Elkann named as chairman in his stead, and Louis C Camilleri CEO.

Jul 23, 2018 17:07
MILAN: Ferrari announced Saturday that Sergio Marchionne has resigned as the marquee Italian luxury automobile company's chairman and CEO at a board of directors (BOD) meeting.  Marchionne's exit is seen as removimg a key combative player and easing hurdles in the way of Liberty Media’s ongoing efforts to reform Formula One motor-racing championship.