Bloomberg

(Bloomberg) -- Ferrari NV is set to appoint Chairman Sergio Marchionne to replace Amedeo Felisa as chief executive officer as early as Monday, according to people familiar with the matter.

Felisa, 69, will probably announce his intention to retire from the post when Ferrari’s new board of directors meets for the first time to discuss first-quarter results, said the people, who asked not to be named before an official announcement. While Felisa has mulled retirement for months, the decision has not been finalized, and the plans could still change. 

With the addition of the CEO job, Marchionne, 63, would take full responsibility for expanding the luxury sports-car maker following its January spinoff from Fiat Chrysler Automobiles NV, which he orchestrated. Marchionne is also CEO of Fiat Chrysler. 

Ferrari representatives declined to comment.

Marchionne announced Ferrari’s separation from London-based Fiat Chrysler a few weeks after he took over as chairman in 2014. He replaced Luca Cordero di Montezemolo, who stepped down after more than two decades following clashes on strategy. Marchionne has said he’ll apply the Ferrari brand more broadly to luxury goods other than autos in a bid to boost profit now that the marque is independent.

Felisa, who ran product development at Fiat Chrysler’s Alfa Romeo division before joining Ferrari, was one of Montezemolo’s closest aides for more than 20 years. He has been CEO since 2008. Felisa declined to comment when asked on April 15 how long he was planning to keep his CEO post, and Marchionne said the board will handle the question of succession when Felisa decides to take another role.

To contact the reporters on this story: Tommaso Ebhardt in Milan at tebhardt@bloomberg.net, Manuel Baigorri in London at mbaigorri@bloomberg.net. To contact the editors responsible for this story: Vidya Root at vroot@bloomberg.net, Naomi Kresge, Chris Reiter

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