Alan Franco, the CEO of Alfa Romeo, has announced his resignation from the company. The news comes after Franco was criticized for his handling of the company's finances and reported to have been involved in a corruption scandal involving the sale of a luxury car.
Franco's resignation comes just months before the release of his autobiography "Alfa Romeo: A Life", which will be published later this year. The book is expected to shed light on Franco's personal life and business dealings with the company.
In his resignation letter, Franco stated that he had received numerous complaints about his handling of the company's finances, including allegations of fraud and mismanagement. He also acknowledged that he had made mistakes in certain areas of the company's operations, but added that he had taken steps to address these issues and improve the company's performance.
Franco's departure comes as the company struggles to regain its footing following the scandal. The company has faced criticism for its handling of the sale of a luxury car, which led to accusations of bribery and fraud. The company has also been accused of failing to disclose information about the sale to investors and other stakeholders.
The announcement of Franco's resignation comes as the company continues to struggle with the fallout from the scandal. It remains unclear how long it will take for the company to come back on track and regain its former glory.