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Ex-Ferrari chairman flying to Alitalia

2014-11-06 13:41

END OF AN ERA: Outgoing Ferrari president Luca Di Montezemolo (left) with Fiat-Chrysler CEO Sergio Marchionne after a media conference in Maranello, Italy. He's apparently to be chairman of Alitalia. Image: AP / Antonio Calanni

MILAN, Italy - Italian newspaper Il Messaggero says Ferrari's long-time, now-ex, chairman Luca Cordero di Montezemolo, is heading to Alitalia as the airline's chairman.

The newspaper says the Italian airline's board designated Montezemolo during a meeting on Wednesday (Nov 5) and confirmation by shareholders is expected later in the month. Alitalia's media office declined to comment on the report.

SPAT WITH FIAT CHRYSLER CEO

Alitalia is reshuffling its management after a takeover by Emirates-based Etihad. Il Messaggero said Etihad CEO James Hogan would be Alitalia's vice-chairman.

Etihad has bought a four percent controlling stake in Alitalia, making it the largest shareholder alongside a consortium of Italian entrepreneurs and banks.

Montezemolo resigned from Ferrari in October 2014 after decades at the helm in a spat with the CEO of Fiat Chrysler Automobiles, which owns the high-end sports-car maker.

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