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Ferrari president and descendant of the Agnelli family, John Elkann, could reveal the type of person he says is expected to lead the supercar maker on Tuesday.
Elkann – who as interim CEO will release Ferrari’s annual results – is likely to provide details on the ideal profile for the permanent CEO and discuss when the position will be filled, people familiar with the matter said.
Headhunters have started to compile a preliminary list of luxury industry heavyweights, including Gucci CEO Marco Bizzarri, although no one is ruling out entries from the auto industry, the people said, who asked not to be named because the process is not public. The company has yet to start interviewing candidates, people said.
Ferrari was plunged into its second leadership crisis in just a few years after Louis Camilleri’s abrupt resignation in December. The maker of cars, including the Monza, which starts at 1.5 million euros ($ 1.82 million), is going through a complicated process of transitioning to electric mobility.
“Balancing Ferrari’s automotive culture with a changing landscape” including stricter environmental regulations “will be a challenge for the permanent successor,” Bloomberg Intelligence analyst Joel Levington wrote in a report last week.
Camilleri has overseen a redesign of the Ferrari lineup, introducing seven new road models over the past two years, which has helped increase annual sales to more than 10,000 cars for the first time. While Ferrari has said 60% of sales will have hybrid powertrains by 2022, the timeline for the all-electric switchover remains uncertain.
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