Louis C. Camilleri Explained

Louis Carey Camilleri
Birth Name:Louis Carey Camilleri
Birth Date:1955 1, df=yes
Birth Place:Alexandria, Egypt
CEO of Ferrari N.V.
Chairman of Philip Morris International
Alma Mater:University of Lausanne (B.B.A.)
Spouse:Marjolyn Camilleri (div. 2004)
Signature:Louis C. Camilleri signature.png

Louis Carey Camilleri (born 13 January 1955)[1] is the former CEO of Ferrari and former chairman of Philip Morris International.[2] 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.[3]

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.

Ferrari

In July 2018, Camilleri was named CEO of Ferrari, replacing Sergio Marchionne.[4] [5] Since starting work with Ferrari, the brand's Formula One team adopted the Mission Winnow monicker.[6]

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.[7]

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.[8]

References

  1. Web site: 2002-04-29 . Resume: Louis C. Camilleri . dead . https://web.archive.org/web/20020621123230/http://www.businessweek.com/magazine/content/02_17/b3780097.htm . June 21, 2002 . 2023-11-11 . BusinessWeek online.
  2. Web site: 2020-12-10 . Ferrari, Louis Camilleri si dimette da amministratore delegato. L'interim al presidente esecutivo Elkann. Si cerca il successore . 2022-07-01 . la Repubblica . it.
  3. Web site: Louis Camilleri: A courageous pioneer of PMI's smoke-free evolution . 2022-09-01 . www.pmi.com . en.
  4. Web site: Ferrari Announcement. 21 July 2018.
  5. Web site: The Latest: New FCA chief Manley had been seen as a star. Fox Business. 21 July 2018.
  6. Web site: Mission Winnow title partner - Ferrari.com . 2020-05-12 . 2020-05-14 . https://web.archive.org/web/20200514111425/https://www.ferrari.com/en-EN/formula1/partners/mission-winnow . dead .
  7. News: Louis C. Camilleri's Compensation in 2008 . The Globe Opinion . 17 May 2009 . https://web.archive.org/web/20090505175208/http://www.theglobeopinion.com/compensation/louis-c-camilleri . 5 May 2009 . dead .
  8. News: Owoseje. Toyin. Who is Louis C Camilleri, Naomi Campbell's new tobacco tycoon millionaire boyfriend?. International Business Times. 11 February 2018.

External links