Ferrari board gets new member from Abu Dhabi

Posted: Thursday 29 October 2009 by Alison

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The Ferrari board of directors has expanded to include a surprise member from Abu Dhabi in the figure of Khaldoon Al Mubarak. The Italians are a little miffed, to say the least, proclaiming a headline of “An Arab on Ferrari’s board” and saying that this is the first time this has happened.

Al Mubarak is chairman of the Mubadala financing group from Abu Dhabi, and takes his place on the board along with Alessandro Gianni Baldi from Fiat, who are replacing Jean Todt and Ferruccio Luppi.

Ferrari recently released its sales figures for this year, down on last year’s, but has put a positive spin on the situation, highlighting that 2008 was a record year for Ferrari sales. The first nine months of this year were down 6.9 percent on the same period last year, though that figure in the last three months has reduced to 4.3 percent with earnings of 396 million euros.

Source | Autoblog.it and Quattroruote

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jacques Desilva
06 Nov 2009 - 13:41 - #1

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yes these is something to think about. These are the same party of people who drove F1 Petronas and Gulf to death, they cannot manage and now think them of doing the same to Ferrari.
buffone
06 Nov 2009 - 13:47 - #2

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Purely just for PR…..
Inferiority in running a true racing company is the the whole story.

This is purely not an F1 entrance but merely to head up the Abu Dhabi Ferrari theme centre which was proposed recently.
No fretting, this will all pass, Ferrari financials are sound.
Sleewlyaluple
02 Apr 2011 - 02:51 - #3

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Cheer ease me to create collection