Fiat CEO and Ferrari chairman Sergio Marchionne is set to leave his position in coming days with the board of the Italian carmaker poised to discuss his replacement.
Marchionne has been very outspoken during his time in charge, since taking over from Luca di Montezemolo in 2014, particularly regarding Liberty Media’s vision for Formula 1 in 2021 as he has threatened to pull the iconic Scuderia out if an agreement wasn’t reached.
The Italian-Canadian also brought the Alfa Romeo name back into F1 for the first time since 1985 as a title sponsor and technical partner at Sauber, helping to push the Swiss team up the grid.
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Now though a new name, with board member and former Phillip Morris chairman Louis Carey Camilleri considered the favourite, will take over and have to conclude the negotiations with Liberty and decide if Ferrari will continue in the sport.
Marchionne’s departure is not a surprise as he was already expected to leave later in the year, however, health complications following shoulder surgery appear to have brought forward that timeline.
