Ferrari (NYSE:RACE) Has Appointed Antonio Picca Piccon as CFO of the Group

 Ferrari (NYSE:RACE) Has Appointed Antonio Picca Piccon as CFO of the Group

Ferrari (NYSE:RACE) Has Appointed Antonio Picca Piccon as CFO of the Group

$RACE

Ferrari (NYSE:RACE) announced Friday that Antonio Picca Piccon will take over as CFO on 30 July, replacing Alessandro Gili, who is leaving on 31 May.

Mr. Picca Piccon has been CFO at Ariston Thermo Group SpA since late Y 2014 and before that he spent 15 years at Fiat Chrysler Automobiles NV (NYSE:FCAU), where he held several senior finance roles, according to the Iconic Italian Superscar maker.

Chairman and CEO Sergio Marchionne stated: “I’ve known Antonio Picca Piccon for a long time, having had a chance to work with him in FCA. His professional and managerial skills will be a valuable contribution in enabling Ferrari to meet the challenges ahead of us. The experience he has recently gained managing complex and international companies will be useful to Ferrari, as we continue to bring Italian excellence to the world. I would also like to take this opportunity to thank Alessandro Gili for all his contribution over the past years. He has managed some of the most important moments in Ferrari’s history, such as the spin off from FCA and the IPO – I wish him success in his future endeavors.

Mr. Piccon started his career in banking, in various positions within Sanpaolo IMI group. He also served as a member of the Board of Directors of Ferrari, Fiat Group Automobiles, Magneti Marelli, Maserati and Teksid.

Antonio Picca Piccon graduated in Economics and Business Administration from the University of Turin and holds an MPhil in Economics from the University of Cambridge.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 132.49 18 May 2018 -1.24 133.16 133.39 132.31 166,564
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.29) Neutral (0.11) Neutral (0.23) Very Bullish (0.54)

Have a terrific weekend

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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