Apple CFO Luca Maestri and Jony Ive Reportedly Candidates for Ferrari CEO Position
Saturday December 12, 2020 6:27 pm PST by Frank McShan
Apple Chief Financial Officer Luca Maestri and former Chief Design Officer Jony Ive are reportedly candidates to be Ferrari s next CEO, reports
Reuters, citing Italian media.
Former Ferrari CEO Louis Camilleri departed the company last week citing personal reasons, and potential successors have since emerged, among those reportedly being Maestri and Ive. Additionally, former Vodafone CEO Vittorio Colao was allegedly in the running for the position, but
Reuters says a source close to Colao has called the claim groundless.
It remains to be seen if Maestri or Ive would be interested in pursuing such a position. Maestri has held the position of Apple s CFO since 2014 and previously served as the company s Corporate Controller. Ive left Apple in 2019 to form an independent design company named LoveFrom, and Apple said it would remain one of Iv
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The bottom line, Caso says, is that the threat of Apple’s modem development really is a risk for Qualcomm investors but not a new risk. “In the meantime, we think Qualcomm has a strong near-term tailwind both from iPhone and China OEMs and we think Apple’s potential for success in developing a leading-edge modem is by no means assured,” he writes. Caso repeats his Strong Buy rating on Qualcomm shares.
Canaccord Genuity analyst Michael Walkley likewise thinks the concerns over the Bloomberg story are overblown and that Apple’s ambitions in wireless modems are well-known.