Louis Carey Camilleri (born 13 January 1955)[citation needed] is the former CEO of Ferrari and chairman of Philip Morris International.[1] He resigned from both positions with immediate effect on 10 December 2020, citing personal reasons.

Early life and education

Camilleri was born in Egypt, to Maltese parents.[2]

He received a degree in economics and business administration from HEC Lausanne, the Faculty of Business & Economics of the University of Lausanne (Switzerland).[citation needed]

Philip Morris International

After working as a business analyst with W. R. Grace and Company, in Lausanne, Camilleri joined Philip Morris Europe in 1978 as a business development analyst. He held various positions of increasing authority involving the cigarette business in Europe and the Middle East. In December 1995, he was appointed president and chief executive officer of Kraft Foods. In November 1996, he was named senior vice president and chief financial officer of Philip Morris.

In April 2002, Camilleri became CEO of Philip Morris, now Altria Group. In early 2007, Camilleri became CEO of Philip Morris International when the tobacco company spun off from Altria Group.[2]

Ferrari

In July 2018, Camilleri was named CEO of Ferrari, replacing Sergio Marchionne.[3][4] Since starting work with Ferrari, the brand's Formula One team adopted the Mission Winnow monicker.[5]

Compensation

In 2008, Camilleri earned a total compensation of $32,028,923, which included a salary of $1,567,308, stock awards of $14,151,629, and non-equity incentive plan compensation of $9,450,000. His total compensation increased by 33.2% compared to the year before.[6]

Personal life

Divorced since 2004, Camilleri is the father of three. He speaks fluent English, French, Italian, Arabic and Maltese as well as some German.[7]

References

  1. ^ "Ferrari, Louis Camilleri si dimette da amministratore delegato. L'interim al presidente esecutivo Elkann. Si cerca il successore". la Repubblica (in Italian). 2020-12-10. Retrieved 2022-07-01.
  2. ^ a b "Louis Camilleri: A courageous pioneer of PMI's smoke-free evolution". www.pmi.com. Retrieved 2022-09-01.
  3. ^ "Ferrari Announcement". 21 July 2018.
  4. ^ "The Latest: New FCA chief Manley had been seen as a star". Fox Business. 21 July 2018.
  5. ^ "Mission Winnow title partner - Ferrari.com". Archived from the original on 2020-05-14. Retrieved 2020-05-12.
  6. ^ "Louis C. Camilleri's Compensation in 2008". The Globe Opinion. Archived from the original on 5 May 2009. Retrieved 17 May 2009.
  7. ^ Owoseje, Toyin. "Who is Louis C Camilleri, Naomi Campbell's new tobacco tycoon millionaire boyfriend?". International Business Times. Retrieved 11 February 2018.

External links