Max Mosley has confirmed that he will definitely not seek re-election as president of the FIA later this year and has named former Ferrari team boss Jean Todt as the man he feels should take his place.

Mosley had previously announced his intention to stand down from his position at the end of his current term of office, but then performed a u-turn when he said that the dispute between the FIA and FOTA would make it difficult for him to leave his role.

Since then however, progress has been made to bring the dispute to an end with the president revealing in a letter the FIA's member clubs that he expected a new Concorde Agreement to be signed shortly to safeguard the future of F1.

With progress also made regarding both the World Rally Championship and the new FIA GT World Championship, Mosley admitted the time was right to stand down, with his letter to member clubs confirming his intention to leave his role.

"From a personal point of view, it would be very difficult for me to change my mind and stand again," he said. "I began some months ago to rearrange my family life with effect from next October. I also informed senior FIA staff that would not be a candidate. To continue now would greatly complicate my domestic arrangements and be inconsistent with my obligations to my family, particularly after our recent loss. Also, I have felt for some time that I would like to work less. After all, I will be 70 next year.

"Therefore, with these new arrangements in place, extremely grateful though I am for all the letters, emails and messages I have received, I have decided to reconfirm my decision. I will not be a candidate in October."

Former WRC title winner Ari Vatanen has already put himself firmly in the frame to succeed Mosley in October's election, but Mosley said it was another man previously linked to the post who he felt was best suited to the position.

"I believe the best person to head that team would be Jean Todt," Mosley wrote. "Jean is unquestionably the outstanding motor sport manager of his generation and arguably of any generation. Teams run by him have won the World Rally Championship, Cross Country rallies, the Le Mans 24 Hours and, in the last 15 years, one Formula One World Championship after another.

"I must emphasise he would not in any way be a motor industry candidate. He would have no special relationship with his former company, Ferrari, nor with Peugeot Citroen, the manufacturer behind his former World Rally, Cross Country and Le Mans teams. He would preserve the independence of the FIA.

"If he agrees to stand, I think he would be the ideal person to continue but also to extend the work of the past 16 years. He can be relied on in all areas where the FIA is active. I very much hope you will give him your support."