Louis Carey Camilleri (born 13 January 1955) is the former
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
of
Ferrari
Ferrari S.p.A. (; ) is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari (1898–1988) in 1939 from the Alfa Romeo racing division as ''Auto Avio Costruzioni'', the company built its first car in ...
and chairman of
Philip Morris International. 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.
He received a degree in economics and business administration from
HEC Lausanne, the Faculty of Business & Economics of the
University of Lausanne (
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
).
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. Since starting work with Ferrari, the brand's Formula One team adopted the Mission Winnow monicker.
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.
Personal life
Divorced since 2004, Camilleri is the father of three. He speaks fluent
English,
French
French (french: français(e), link=no) may refer to:
* Something of, from, or related to France
** French language, which originated in France, and its various dialects and accents
** French people, a nation and ethnic group identified with Franc ...
,
Italian,
Arabic and
Maltese
Maltese may refer to:
* Someone or something of, from, or related to Malta
* Maltese alphabet
* Maltese cuisine
* Maltese culture
* Maltese language, the Semitic language spoken by Maltese people
* Maltese people, people from Malta or of Malte ...
as well as some
German
German(s) may refer to:
* Germany (of or related to)
**Germania (historical use)
* Germans, citizens of Germany, people of German ancestry, or native speakers of the German language
** For citizens of Germany, see also German nationality law
**Ger ...
.
References
External links
Resume: Louis C. Camilleriat
BusinessWeek online
CEO Compensationat
Forbes.
{{DEFAULTSORT:Camilleri, Louis C.
1955 births
Altria Group
American chief executives
Living people
University of Lausanne alumni
Egyptian emigrants to the United States
American people of Maltese descent
Ferrari people
Formula One people
Expatriates in Switzerland
Automotive businesspeople