(UTV|COLOMBO) – Sergio Marchionne has been replaced as the boss of Ferrari and sister company Fiat as a result of an illness.
Fiat said the 66-year-old had suffered complications following surgery. A statement from Ferrari added that he would not be able to return to work.
Marchionne had been the chief executive officer of both Fiat and Ferrari.
John Elkann, the scion of the Agnelli family that controls Fiat, is named chairman of Ferrari, while Louis Carey Camilleri has become chief executive.
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