Emergency meeting for the boards of FCA, Ferrari and CNH - the Agnelli galaxy - to choose Sergio Marchionne's successor, due to the prolongation of his hospital stay after the shoulder surgery suffered by the Italian-Canadian supermanager at the end of June.
The news took the financial community by surprise, even if Exor, the main shareholder of FCA, Ferrari and CNH, downsizes the scope of the meetings talking about management checks and does not comment on the rumors, but the extraordinary nature of the flash meeting of the boards speaks for itself .
In particular, there is a rumor that the role of CEO of Ferrari, which seemed to remain with Marchionne, could come to the former president of Philip Morris, Louis Camilleri, while the presidency of the Ferrari of Maranello would be assumed directly by John Elkann, number one of Exor.
The succession to Marchionne at the helm of FCA is more complicated, where there are more than one candidates even if for months he has been considered in pole position, the CFO Richard Palmer. After all, there has always been talk – and Marchionne did too – of internal succession.
Marchionne, who presented the new FCA plan at the beginning of June, was to remain in office until 2019.
