The GOODBYE AFTER ALMOST 23 YEARS
Milan , September 10, 2014 – 8:43
“It closes an era.” But Ferrari does not stop, “there are the foundations for further growth.” During a joint press conference on Wednesday in Maranello, alongside Sergio Marchionne, Luca Cordero di Montezemolo has announced his resignation from the presidency of Ferrari. Montezemolo leave at his request, Oct. 13, at the conclusion of the celebrations for the 60th anniversary of Ferrari in America. The chair will be taken by CEO of Fiat, Sergio Marchionne. A Montezemolo it will be a settlement of 27 million euro. Fiat said in a statement that the former president of the red end of the mandate will be paid an allowance of 13 million and 710 thousand euro. In addition will be paid to him and the other 13 million 253 thousand euro for the undertaking Montezemolo “not to engage in activities in competition with the Fiat Group.”
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The decision came after a lengthy meeting in Maranello. “It’s an important day – said Montezemolo – because after 23 years, passed very quickly, today resigned resigned from Ferrari. Objectively, I think it ended an era and a cycle of the company. Thanks to the results and the power of Ferrari, another opens and I hope, and I hope will be a new thing and the most important. ” In the “program of work and family,” added Montezemolo, “I thought to go away at the end of next year, but the beginning of a new phase has convinced me to resign.” And the reference is to the landing of Fiat Chrysler (Fca) on the American Stock Exchange for its planned Oct. 13. Now, he raised Montezemolo, “we must look ahead.”
“Ferrari will have even more power”
It remains to “do more, so – continued Montezemolo – Ferrari will have even more power, it is still hard work on my part until October 13.” The outgoing president of the Ferrari said he was “happy to have done my duty to the end and I’m glad I managed this extraordinary company and I get out at the right time. When I became chairman of Fiat, Sergio and I only know how Fiat’s legs into the abyss. ” Fiat shares on the stock market has accelerated the latest Ferrari gaining 2.14% to 7.86 (at 10.50) euro. Meanwhile, Federico Ghizzoni, CEO of Unicredit says Montezemolo would be a “good name” for the presidency of Alitalia . “It’s a possibility – said Montezemolo – but until October 13, are concentrated on the Ferrari and want to take care even a little ‘school of my son.”
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Montezemolo, a life to the
Marchionne: “An SUV with the Cavallino do not see it”
Among smiles, a few jokes and a lot of memories, Montezemolo has closed his speech by passing the word to the ad Marchionne of Fiat,” Sergio began to argue with me since 2002, when listened to with a little ‘irritation of the lessons in cda Morchio he did and I saw it coming this gentleman. ” Sergio Marchionne was keen to stress that “my friendship with Luke continues, has not been affected by the recent controversy” (“Marchionne on Montezemolo:” No one is indispensable “.”) For the CEO of the Fiat group, “it is important to protect what has been created here. Luke has done a great job. ” The commitment in Ferrari, Marchionne continued, “it is long-lasting”: “Ferrari is of importance should not be underestimated and the fact that both I and President means a lot.” The CEO of Fiat, then goes straight to the point: “There is no intention to integrate the system in Ferrari Fiat-Chrysler. The strategic and operational independence of the Ferrari will never be questioned. ” In summary: “An SUV with the Cavallino – said Marchionne – do not see it.” A direct question, direct answer: Ferrari Americana? “Inconceivable – raised the next president Ferrari – Luca never said that the company would become American. The concept of American society I find it strange. The company has nothing to do with America, will have access to American markets. The idea that Ferrari will be produced out of this place is obscene. ”
“severance pay? Fiat knows it is always too little “
It was not until a little ‘to know the extent of that sum di Montezemolo:” I will say Fiat, at the right time, “replied Marchionne. Likely that the Lingotto communicate something “already today.” And Montezemolo jokes about “knows that Fiat is always too little.” Sergio Marchionne, meanwhile, explained that Ferrari is not a listed company and therefore is not required to disclose this type of information.
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“In Formula 1 will not be a great season,”
It is not a failure point on Formula 1: “For 2014 let the soul at peace, it will not be a great season, but a tough year because we will have no problem digesting the win,” is the comment of dry Marchionne. We must “give credibility to Ferrari on the track, are fixed. We have to go there – to the ends of the Fiat group – This would give support to the rest of the Ferrari, and goes beyond any other type of car that we can do. Win on the track is non-negotiable. We must go back. ” Montezemolo also “there are all the prerequisites for a revival of Ferrari in Formula One.” The real issue, he added, “is to have a competitive car ‘:’ From Kimi Raikkonen we expect a strong end to the season. Alonso is the strongest rider in the race. We must take advantage of opportunities that arise in the Grand Prix. The rest are just words. “
“It ends an era 23 wonderful years”
Luca Cordero di Montezemolo, in a statement, had already announced: “Ferrari will have an important role within the group FCA in the next quotation on Wall Street and then open a new and different phase which I think just should be guided by the Managing Director of the Group. ” “My thanks go to exceptional men and women in the factory, in the office, in the fields of competition, markets around the world that were the real creators in these years of great growth, of the many memorable victories and success of the brand has become thanks to them one of the strongest in the world, “added Montezemolo. What then concludes: “The Ferrari is the finest company in the world and for me it was a great privilege and honor of having been the leader. I devoted all my efforts and enthusiasm and with my family has been and is the most important thing in my life. “
Thanks for Elkann
The chairman of Fiat John Elkann Montezemolo thanked for their work. “At Luca go my best wishes for his future career and business, with the hope, certainly shared soon see the Ferrari back to winning.” Montezemolo “he held various positions of responsibility, from the chairmanship of Fiat from 2004 to 2010, sharing with me moments of difficulty, but also of great satisfaction.”
September 10, 2014 | 08:43
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