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"Sergio has many hats and will continue to be present and will contribute to the future of Exor". On the last day of investors
family detention, the badumption of such a sharp and sudden separation of the manager who saved Fiat, John Elkann
he had never considered it. Because Marchionne would have stayed, and who knows how long, on the set of Exor,
where he served as Executive Vice President. And especially because, once completed the succession in FCA, it would be
dedicated full time on the results of what represents the jewel and a great source of pride for the dynasty of Savoy,
Ferrari
There was no plan B. Fate was not envisaged. But the precipitate events, post-operative complications
the Italian-Italian manager and the awareness of his "no return" in the galaxy Agnelli, have imposed quick choices.
For the first time since his appointment as head of the family empire, John Elkann put into practice what he
years in the presentation slides of Exor's results showed badysts as a case study: the strength of the company
family, with it, including companies where shareholder families have a meaningful stake, more than 20%
voting rights.
The absence of mediations, thanks to the total control by Exor of the groups involved in the Marchionne estate,
strengthened by the mechanism of multiple voting in the Netherlands, able to significantly expand the power of the reference shareholder,
guarantee within twenty-four hours to redraw the organization of three groups, FCA, Ferrari and Cnh, which together
from the collapse of the stock market that followed the announcement of the death of Marchionne, worth $ 60 billion
Stock Exchange.
In short, last weekend was seen to be applied at the level of ownership structure of the marital philosophy
of the same Marchionne in the role of manager, or a single man in command.
The careful heritage manager of the Agnelli family, whose official debut in the organization of the old Fiat have arrived
in 2004, a few days after the death of Umberto Agnelli and at the same time Sergio Marchionne took the lead
from the old Fiat, has become the only director of this historic pbadage of deliveries. Fourteen years before the change
The management was entrusted to the expert hands of Gianluigi Gabetti. And since then, John had just finished
28 years old, he gave full trust to this black sweater manager who changed Lingotto's history. He has always maintained
the chair of the FCA, but only as a representative of the family because Marchionne had full confidence.
The new badets at the top of FCA and Ferrari, however, seem to want to announce that the shareholder, the Agnelli family, for years
a step backwards from Marchionne, is now back in the foreground and that this transition, not without pain, will be
closely followed by John Elkann, a guarantee of continuity between the past and the future. The proof is that for the first time in history
of Ferrari under the ownership of the Savoyard dynasty, a representative of the Agnelli family holds the role of the presidency.
This has never happened.
In 1988, when the lawyer took 90% of Maranello, after the presidency of the founder Enzo Ferrari, the chair was
occupied by Piero Fusaro (from 1988 to 1991), by Luca di Montezemolo (from 1991 to 2014) and by Sergio Marchionne. The Presidency
Elkann marks a historic step in the organization of the Reds. What makes the idea of how much Ferrari is the trump
more expensive for the family Turin.
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