Business and Money

Ex-Ferrari president is new Alitalia head: reports

Ex-Ferrari president is new Alitalia head: reports
Luca Cordero di Montezemolo was ousted from his role as president of Ferrari in September. Photo: Fabrice Coffrini/AFP
Ferrari's former long-time chairman Luca Cordero Di Montezemolo has been chosen to head up Italy's national carrier Alitalia, Italian media reported on Thursday.

The decision was taken during a board meeting on Wednesday.

Etihad Airways – which signed a deal in August to save the troubled Italian airline from bankruptcy – will see its chief executive James Hogan also become Alitalia's vice president, the reports said without citing a source. The Italian flagship carrier refused to comment

Montezemolo was ousted from his role as president of flashy sports brand Ferrari in September after 23 years amid a strategy clash with the board.

READ MORE: €27 million payout for outgoing Ferrari boss Montezemolo


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