The new general director of Ferrari was the head of the Fiat Chrysler concern

The Ferrari Auto -Concert announced the name of the new CEO to replace Amedio Felis, who decided to leave the company and retire, having worked in Ferrari for 26 years. The new general director of the concern was the chairman of Fiat Chrysler Automobiles (FCA) Sergio Markjonne, AP agency reports.

Journalists note that Marquionne takes office at a favorable time for the concern: in the first quarter of this year, the growth of net profit of the concern reached 19% (78 million euros). During the same period of 2015, similar indicators were about 65 million euros.

According to the American newspaper The Wall Street Journal , the total cost of Ferrari is estimated at $ 8.4 billion, which is slightly lower than the market value of FCA ($ 10.6 billion).

Marquionne occupies a number of high posts in various companies. In addition to FCA and Ferrari, he is also the chairman of the board of directors of CNH Industrial, who was separated from Fiat in 2011, a manufacturer of pickups and tractors; Deputy Chairman of the Board of the Holding Company of the Anjelli family Exor Spa, which controls the FCA; Head of the Board of Directors of the Swiss SGS SA and the independent director in the Tobacco company Philip Morris.

The Ferrari concern, founded by Enzo Ferrari in 1947, became part of Fiat in 1969, when Fiat acquired 50% of the shares in it. In July 2015, FCA announced plans to sell 10% of Ferrari shares, and distribute the rest between shareholders.

It is expected that the listing on the New York Exchange should help FCA find the means to fulfill its ambitious investment plan, according to which the company intends to increase 60%production by 2018, and net profit is five times.