Luca Cordero di Montezemolo: The move, effectively immediately, had been expected, with sources close to the matter saying it would make little difference as Marchionne had essentially been in charge since becoming chairman, according to Euro News. Combining the chairman and CEO jobs is not a first for Ferrari, as Luca Cordero di Montezemolo held both posts for several years. Ferrari
, spun off from Fiat Chrysler Automobiles at the start of the year, also said Chairman Sergio Marchionne would take over as chief executive as well, following Amedeo Felisa decision to retire. Ferrari said it expected to report 2016 adjusted earnings before interest, tax, depreciation and amortisation of at least 800 million euros on shipments of more than 7,900 vehicles. The carmaker also said adjusted core earnings for January-March rose 11 percent to 178 million euros, beating analysts’ average forecast of around 164 million euros in a Thomson Reuters poll. It had previously guided for adjusted EBITDA of more than 770 million euros this year. (news.financializer.com). As reported in the news. Tagged under Luca Cordero di Montezemolo, Marchionne topics.