Recently, Ferrari CEO Loius Camilleri resigned with immediate effect after serving two and half years in the company and Apple’s CFO Luca Maestri and former Chief Design Officer Jonathan Paul Ive amongst the candidates to lead Ferrari. Reuters reports that Camilleri has stepped down at a time when the company is about to launch its new hybrid models and its first-ever SUV.
Loius Camilleri is leaving Ferrari at the age of 65 due to personal reasons. In 2018, from the tobacco and food industries, Camilleri joined Ferrari with big plans to expand its vehicle line-up, and the brand into apparel, luxury products, services, and others. Although he has years of experience in the leadership role, analysts and investors saw him as a luxury foods maker and not an automotive expert.
Apple CFO and former chief design officer could lead Ferrari
The report states that the scion of Italy’s Agnelli family, Chairman John Elkann will be interim CEO of Ferrari until a suitable successor is appointed. Although Loius Camilleri’s departure is sudden, a reliable source told the publisher that the appointment will not be rushed.
“It will take the appropriate time,” a source close to the matter told Reuters.
The speculated candidates for CEO of Ferrari in the media are:
- Stefano Domenicali – Former head of Ferrari racing team and former Chief of Lamborghini
- Luca Maestri – Apple’s Chief Financial Officer
- Jonathan Paul Ive – Apple’s former Chief Design Officer
- Vittorio Colao – Former CEO of Vodafone
Both Domenicali and Calao have already been ruled out; Stefano Domenicali will join F1 as CEO on January 1, 2021, and a close source told the publisher that rumors of considering Vittorio Coalo for the position are “groundless”.
Since 2014, Luca Maestri is working at Apple as CFO and in 2019, Jonathan Paul Ive left Apple and started his own design firm, LoveFrom. For now, the media is suggesting names for suitable candidates, none of the names have been confirmed by Ferrari or the individuals.