Louis Carey Camilleri (born 13 January 1955) is the former CEO of Ferrari and chairman of

Philip Morris International Philip Morris International Inc. (PMI) is an American multinational tobacco company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro. Philip Morris International is often ref ...

. 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 HEC Lausanne (standing for ''Faculté des Hautes études commerciales''), also called the Faculty of Business and Economics of the University of Lausanne, is the affiliated business school of the University of Lausanne. Since 1911, HEC Lausanne h ...

, the Faculty of Business & Economics of the

University of Lausanne The University of Lausanne (UNIL; french: links=no, Université de Lausanne) in Lausanne, Switzerland was founded in 1537 as a school of Protestant theology, before being made a university in 1890. The university is the second oldest in Switzer ...

( Switzerland).

Philip Morris International

After working as a business analyst with

W. R. Grace and Company W. R. Grace and Co. is an American chemical business based in Columbia, Maryland. It produces specialty chemicals and specialty materials in two divisions: Grace Catalysts Technologies, which makes catalysts and related products and technologies ...

, in

Lausanne , neighboring_municipalities= Bottens, Bretigny-sur-Morrens, Chavannes-près-Renens, Cheseaux-sur-Lausanne, Crissier, Cugy, Écublens, Épalinges, Évian-les-Bains (FR-74), Froideville, Jouxtens-Mézery, Le Mont-sur-Lausanne, Lugrin (FR ...

, 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 Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...

and the

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabia (including the Arabian Peninsula and Bahrain), Asia Minor (Asian part of Turkey except Hatay Province), East Thrace (Europ ...

. In December 1995, he was appointed president and chief executive officer of

Kraft Foods The second incarnation of Kraft Foods is an American food manufacturing and processing conglomerate, split from Kraft Foods Inc. in 2012 and headquartered in Chicago, Illinois. It became part of Kraft Heinz in 2015. A merger with Heinz, arran ...

. 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 Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in ...

. In early 2007, Camilleri became CEO of

when the tobacco company spun off from

Ferrari

In July 2018, Camilleri was named CEO of Ferrari, replacing

Sergio Marchionne Sergio Marchionne (; 17 June 1952 – 25 July 2018) was an Italian-Canadian businessman, widely known for his turnarounds of the automakers Fiat and Chrysler, his business acumen and his outspoken and often frank approach, especially when dealing ...

. 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 English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national ide ...

, French,

Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional Ita ...

Arabic Arabic (, ' ; , ' or ) is a Semitic language spoken primarily across the Arab world.Semitic languages: an international handbook / edited by Stefan Weninger; in collaboration with Geoffrey Khan, Michael P. Streck, Janet C. E.Watson; Walter ...

and Maltese 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 **Ge ...

References

External links

Resume: Louis C. Camilleri
at

BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

online
CEO Compensation
at

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

. {{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