Fiat Chrysler Considering a Loyalty Share Scheme as it Plans a Spin-off for Ferrari
Today, FCA Chairman John Elkann said that Fiat Chrysler Automobiles has no intentions of replacing Amedeo Felisa as the CEO of Ferrari at this juncture when it is planning for a spin off.
When asked whether Felisa would be replaced by a new face in the coming months, he said, "There will be no CEO change." Since 2008, Amedeo has held the post of CEO of Ferrari.
FCA is planning a spin off for Ferrari from the group. It plans to sell a ten percent stake through a public offering and dole out the rest of the stakes with FCA to its shareholders.
On Friday, John Elkann said that a loyalty scheme which will considerably increase the voting power of the shareholders of Ferrari is surely an option parent Fiat Chrysler Automobiles would consider when it initiates the spins off the Ferrari in the coming year.
Elkann also mentioned that the beginning of the loyalty share scheme was only one of the various options that were being considered.
In Milan while speaking to the journalists, Elkann said, "There are many options today and this is one of them."
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