Sergio Marchionne

Sergio Marchionne Says Ferrari CEO Amedeo Felisa will not Leave Post before IPO

Sergio Marchionne Says Ferrari CEO Amedeo Felisa will not Leave Post before IPOOn Saturday, Sergio Marchionne the CEO of parent company Fiat Chrysler Automobiles said that Amedeo Felisa, the Ferrari CEO will not leave his post prior to the luxury sports car manufacturer goes for its initial public offering that is scheduled later in the current year.

Fiat Industrial Pays Big Compensation to Its CEO

Fiat Industrial Pays Big Compensation to Its CEOIt has been found in a recent report that Sergio Marchionne, who is the chairman of Fiat Industrial, has received $18.9 million in the year 2011 as compensation.

Marchionne is also the CEO of Chrysler, which came up from the Chapter 11 bankruptcy in 2009. While he has not received any compensation or bonus from Chrysler, Fiat Industrial has given him 2.56 million Euros in 2011, reveals the report.