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The Ferrari
S.p.A. board met today to approve the 2005 financial year
figures and to increase from 11 to 13 the number of members
of the Board of Directors, naming two new advisors,
Christopher Gent, Chairman of GlaxoSmithKline plc and Paolo
Monferino, CEO of Iveco.
The Board of Directors is constituted as follows: Luca
Cordero di Montezemolo President and CEO, Piero Ferrari
Vice-President, Domenico Bordone, Diego Della Valle,
Christopher Gent, Ferruccio Luppi, Sergio Marchionne, Paolo
Monferino, Lindsay Owen-Jones, Renato Pagliaro, Marco
Piccinini, Sergio Pininfarina and Jean Todt. The two new
members follow the recent appointment of Lindsay Owen-Jones,
and strengthen the high profile and international level of
the Board of Directors.
The main figures for the financial year are: revenues of
1,289 million euros, an increase of 9.7 percent and the
trading profit of 157 million euros, an increase of 13.8
percent over the previous financial year. Ferrari has turned
to a positive net financial position with a balance of 13
euros million.
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The main figures for the financial year are:
revenues of 1,289 million euros, an increase of 9.7
percent and the trading profit of 157 million euros,
an increase of 13.8 percent over the previous
financial year. Photo: Ferrari. |
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In June 2004 Sir
Christopher Gent joined the Board of GlaxoSmithKline
as the Deputy Chairman before assuming the position
of Non-Executive Chairman this January. Gent was CEO
of the Vodafone Group Plc from 1997 to July 2003,
and is attributed with turning the mobile phone
operator into a global giant partly through a series
of major takeover deals. He originally joined
Vodafone as Managing Director when the company first
launched its service in the UK in 1985. |
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A total of 5,409
cars were delivered to their owners last year, an increase
of 8.7 pct. Welcoming the new directors to the company,
President Luca di Montezemolo was pleased to announce the
record-breaking results, the growth in the emerging markets
and the overwhelmingly positive reaction to the new Ferrari
models.
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