Now Reading
Louis Camilleri steps down as Ferrari CEO and Philip Morris executive chair

Louis Camilleri steps down as Ferrari CEO and Philip Morris executive chair

December 10, 2020

(Reuters) -Ferrari Chief Executive Officer Louis Camilleri has retired for “personal reasons” and Executive Chairman John Elkann has been appointed as interim CEO, the luxury automaker said on Thursday.

The company’s board is identifying a permanent successor to Camilleri, Ferrari said in a statement, which did not give further details.

Camilleri, executive chairman of Philip Morris International (PMI), also retired from the role, the Marlboro maker said separately on Thursday.

Philip Morris appointed CEO André Calantzopoulos to serve in Camilleri’s stead.

PMI’s independent presiding director Lucio Noto will serve as interim chairman until Calantzopoulos’ succession in May, the company said.

Chief Operating Officer Jacek Olczak will succeed Calantzopoulos as CEO in May.

(Reporting by Uday Sampath and Kanishka Singh in Bengaluru; Editing by Shinjini Ganguli)

The post Louis Camilleri steps down as Ferrari CEO and Philip Morris executive chair first appeared on One America News Network.

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

© 2020 Myrtle Beach Choice. All Rights Reserved.

Scroll To Top