Chris Harris on AML Leadership
Discussion
It was worth a read and, having had dealings with all concerned, broadly accurate!
Interestingly, Palmer, Moers and Felisa were all considered during Dr Bez’s defenestration. There were two other candidates at that time - one that went on to very successfully lead a multi$B global industrial company and another currently successfully sitting on the board of a major OEM.
The primary shareholders are the issue, including those that pre-existed Mr Stroll.
Interestingly, Palmer, Moers and Felisa were all considered during Dr Bez’s defenestration. There were two other candidates at that time - one that went on to very successfully lead a multi$B global industrial company and another currently successfully sitting on the board of a major OEM.
The primary shareholders are the issue, including those that pre-existed Mr Stroll.
That is really interesting Kevin. Thank you for finding the article.
The author has of course had direct inside contact with many of the people involved (including his drives for the AMR team), whereas most of us can only attempt to analyse and understand situations from afar.
However, is it a compliment to members of this forum, that many of the conclusions expressed here, have now been confirmed by Chris Harris ?
Neil1300r said:
Does anyone have thoughts as to why Felisa has taken the job? He's 75 and having been been at Ferrari I can't imagine him being short of a few Bob.
Retire in the Tuscan sunshine or continue working in rainy Warwickshire.
I don't get it
Retire in the Tuscan sunshine or continue working in rainy Warwickshire.
I don't get it
Only my guess Neil, but I think there may be some logic.
Mr Felisa is/was one of the Non-Executive Directors (was if the new appointment date has past).
TM was off, so needed a replacement CEO promptly. Could it have involved drawing straws and guess who had the short one?
Perhaps there is now a search for a permanent CEO and Mr Felisa undertakes the job until a replacement is appointed.
If that turns out to be correct, normally companies would be using the title, Interim CEO, but is AML a normal company?
Maybe he said I will accept, but only if I can always work from home. My deputy can make sure the lads are building cars. -
Edited by Jon39 on Tuesday 17th May 18:55
Jon39 said:
Only my guess Neil, but I think there may be some logic.
Mr Felisa is/was one of the Non-Executive Directors (was if the new appointment date has past).
TM was off, so needed a replacement CEO promptly. Could it have involved drawing straws and guess who had the short one?
Perhaps there is now a search for a permanent CEO and Mr Felisa undertakes the job until a replacement is appointed.
If that turns out to be correct, normally companies would be using the title, Interim CEO, but is AML a normal company?
Maybe he said I will accept, but only if I can always work from home. My deputy can make sure the lads are building cars. -
Edited by Jon39 on Tuesday 17th May 18:55
ettore said:
Jon39 said:
Only my guess Neil, but I think there may be some logic.
Mr Felisa is/was one of the Non-Executive Directors (was if the new appointment date has past).
TM was off, so needed a replacement CEO promptly. Could it have involved drawing straws and guess who had the short one?
Perhaps there is now a search for a permanent CEO and Mr Felisa undertakes the job until a replacement is appointed.
If that turns out to be correct, normally companies would be using the title, Interim CEO, but is AML a normal company?
Maybe he said I will accept, but only if I can always work from home. My deputy can make sure the lads are building cars. -
Edited by Jon39 on Tuesday 17th May 18:55
malaccamax said:
ettore said:
Jon39 said:
Only my guess Neil, but I think there may be some logic.
Mr Felisa is/was one of the Non-Executive Directors (was if the new appointment date has past).
TM was off, so needed a replacement CEO promptly. Could it have involved drawing straws and guess who had the short one?
Perhaps there is now a search for a permanent CEO and Mr Felisa undertakes the job until a replacement is appointed.
If that turns out to be correct, normally companies would be using the title, Interim CEO, but is AML a normal company?
Maybe he said I will accept, but only if I can always work from home. My deputy can make sure the lads are building cars. -
Edited by Jon39 on Tuesday 17th May 18:55
It's a public company as well, so governance norms dictate a different CEO anyway.
Who would want to do it is another matter of course!
bolidemichael said:
Packs a punch. Didn't Palmer insist on 'Dr.', too?
And not just Doctor, he appointed himself President as well.
He also dished out Vice President titles galore.
I think Marek Reichmann might still be a Vice President.
How you can continue as a Vice President, when there is no longer a President, I don't know.
What nonsense. -
AP's full title was apparently President and Group CEO and Marek's was Executive VP and Chief Creative Officer.
A few companies in the Financial services sector have been using the American based President and Vice President titles for some years especially where their parent is US based.
A few companies in the Financial services sector have been using the American based President and Vice President titles for some years especially where their parent is US based.
Neil1300r said:
Does anyone have thoughts as to why Felisa has taken the job? He's 75 and having been been at Ferrari I can't imagine him being short of a few Bob.
Retire in the Tuscan sunshine or continue working in rainy Warwickshire.
I don't get it
What does it matter his age? Maybe he enjoys the challenge. It's not always about the money. Retire in the Tuscan sunshine or continue working in rainy Warwickshire.
I don't get it
It sounds awful, but I think it's probably somewhat safe to say the majority of CEOs at that age are past their prime work. I can't think of a single highly successful company that has created massive innovation etc with a CEO in his/her 70s. - Happy to be proven wrong, but typically by that point the companies are either somewhat coasting, or other people have stepped in for the day to day.
Beckson said:
... I can't think of a single highly successful company that has created massive innovation etc with a CEO in his/her 70s. - Happy to be proven wrong, but typically by that point the companies are either somewhat coasting, ....
I am sure that you are right, but there are some exceptions that come to mind. Probably many are those who started their business and just enjoy continuing to work in the enterprise they love.
Warren Buffett turned 70 in 2000, still very sharp now at 91.
Charlie Munger turned 70 in 1994, still very sharp now at 98.
Numerous deals completed since turning 70, adding many $billions to their company's value.
8th place in the S & P 500 Index with a market value of ....... $650 billion.
In comparison, AML has a market value of ............................. 0.7 billion.
Rose Blumkin turned 70 in 1963. Just getting into her prime.
Founded her business in 1937 with $500. It became the largest furniture store in the USA.
Sold her business to Berkshire Hathaway in 1983, but Rose Blumkin continued to manage the business.
She retired at age 103 !
The AML CEO was already a board member (non-executive), so is most likely just filling in, whilst some head hunting takes place.
It might be a case of the candidate saying, "Will let you know", instead of more usually, the employer saying that.
Edited by Jon39 on Wednesday 25th May 21:35
Beckson said:
It sounds awful, but I think it's probably somewhat safe to say the majority of CEOs at that age are past their prime work. I can't think of a single highly successful company that has created massive innovation etc with a CEO in his/her 70s. - Happy to be proven wrong, but typically by that point the companies are either somewhat coasting, or other people have stepped in for the day to day.
Yeah, give it to a 25 yr old with an Agile Garage and it’ll be as creative as you can get. New BMW front grills anyone?Gassing Station | Aston Martin | Top of Page | What's New | My Stuff