Ferrari might take months reasonably than weeks to call a brand new boss after CEO Louis Camilleri abruptly left the Italian supercar maker, in keeping with individuals acquainted with the matter.

The corporate is taking a radical and deliberate strategy to resolve its second management disaster in as a few years, the individuals mentioned. Ferrari’s board will meet Tuesday for a preliminary evaluation of candidates for the position, they mentioned, asking to not be named as the corporate’s plans aren’t public.

Fiat Chrysler Cars CEO Mike Manley, who media studies have linked to the job, isn’t at the moment within the working, the individuals mentioned. Manley has beforehand mentioned he’ll keep on the Italian-American carmaker even after its deliberate merger with France’s PSA Group. Italian each day Il Messaggero reported over the weekend that Manley was a prime candidate.

A spokesman for Ferrari declined to remark.

Chairman John Elkann is taking on the CEO position on an interim foundation till a alternative for Camilleri is discovered. His departure comes at a tough time. The coronavirus pandemic has depressed auto gross sales simply because the business is shifting away from the interior combustion engine — a key function of the high-powered Ferrari automobiles.

The manager search may lengthen past the automotive business, following Camilleri’s makes an attempt to remodel Ferrari right into a fully-fledged luxurious model. The corporate launched 5 new fashions in 2019, which helped enhance annual gross sales to greater than 10,000 items for the primary time.

The board already consists of executives near each the luxurious and expertise industries, together with Louis Vuitton Government Vice President Delphine Arnault and Apple Inc. Senior Vice President of Web Software program and Providers Eddy Cue.