(Motorsport-Total.com) – Before the season finale of Formula 1 2020 in Abu Dhabi has announced his resignation completely surprisingly, Ferrari CEO Louis Camilleri. The boss of Mattia Binotto withdraws “for personal reasons”, as it is said in an official announcement.

Louis Camilleri

© Ferrari

The term of office of Ferrari CEO Louis Camilleri ends after only two years Zoom Download

The resignation apparently came Not only surprising for outsiders, but also for the Ferrari executive suite. A successor has not yet been determined. The chairman of the board, John Elkann, will also temporarily take over Camilleri’s agendas as managing director.

At the same time as Ferrari, the tobacco company Philip Morris announced on Thursday evening that Camilleri was leaving the board.

“Ferrari”, says the 65 -Year-old, “has been a part of my life. Serving as CEO has been a great privilege for me. My admiration for the extraordinary men and women in Maranello and for their passion and dedication is limitless. I am proud of the company’s many achievements since 2018 and knows that the best years are still ahead of Ferrari. “

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Camilleri took over the CEO position in Maranello in the summer 2018 after this Death of his predecessor Sergio Marchionne . During his tenure, the share price of the legendary company from 113 to last 177 Euro. Despite the corona crisis and a changing automotive industry.

The native Egyptian has succeeded in establishing Ferrari among the most successful companies in the world, says Elkann in a first thank-you in parting. And: “We wish him and his family a long and happy retirement.”

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