The Fiat-controlled company also said in a statement Harald J. Wester, Scott Garberding, Antonio Picca Piccon and Giorgio Fossati had joined the board, replacing outgoing directors Gianni Coda, Sir Christopher Gent, Paolo Monferino and Lindsay Owen Jones.

Sergio Marchionne, the chief executive of Fiat Chrysler Automobiles remains on the board, along with three other colleagues, Richard Palmer, Marco Piccinini and Alfredo Altavilla.

Piero Ferrari, the son of the company's founder Enzo Ferrari, remains deputy chairman.

(Reporting by Valentina Za; Editing by Greg Mahlich)