Marchionne May Be Named CEO at Ferrari

Fiat Chrysler Automobiles CEO Sergio Marchionne may take over as CEO of the company's Ferrari brand when Amedeo Felisa retires from the post a few months from now, sources tell Bloomberg News.

Marchionne became Ferrari's chairman last year after dismissing Luca di Montezemolo from the post in a rift over the supercar maker's future direction. Bloomberg's sources say he would retain the chairmanship, although no decision has been made about the CEO position. Ferrari has declined to comment except to say it is looking for Felici's replacement.

FCA plans to sell 10% of Ferrari to the public in an initial public offering that will distribute most of the stock to existing FCA shareholders. Piero Ferrari, the son of founder Enzo Ferrari, is expected to retain his 10% stake.