John Elkann, 47, is no longer chairman or a board member of Giovanni Agnelli BV, the safe that owns 52% of the Exor holding company. However, he retains command within the Agnelli family-led group. The news broke a few months ago, in conjunction with the publication of the papers that formalize Exor's acquisition of 15% of the Dutch company Philips. Jeroen Preller, a Dutch lawyer and partner at the law firm NautaDutilh, will succeed Elkann as CEO of Giovanni Agnelli. The safe contains six members of the Agnelli family's three branches: Andrea Agnelli, Nicolò Camerana, Benedetto Della Chiesa, Luca Ferrero Ventimiglia, Filippo Scognamiglio, and Alexandre Von Furstenberg. Alessandro Nasi and Tiberto Brandolini D'Adda have also left the team. Giovanni Agnelli B.V. is a private company formed under Dutch law that brings together the descendants of Fiat founder Giovanni Agnelli and was formed to maintain unity and continuity in Exor shareholding. It serves no operational purpose. December, which is still chaired by Elkann, is its most important partner (about 38%). Then there are the heirs of Maria Sole (12.32%) and Umberto (11.85%), as well as other family members. Exor, which owns Stellantis, Ferrari, CNH, Iveco, and Juventus, pays out 100 million in dividends each year, with Giovanni Agnelli receiving 52%.