moparnut
Administrator
As expected, Sergio Marchionne has taken over as the CEO of Ferrari, according to Blooomberg News. Mr. Marchionne, 63,replacedAmedeo Felisa, who retired at the age of69. Ferrari raised its 2016 profit targets an 11% gain in EBITD in the first quarter, but its stock continues to lag, at $44.45 per share (down from the $52 IPO price). While Ferrari was spun off from Fiat Chrysler Automobiles,Exor controls bothFCA, Ferrari, and CNH (Case New Holland). Mr. Marchionne […]
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