The Formula One Teams Association, FOTA, has issued a statement congratulating Jean Todt on his victory in the FIA presidential election, and welcoming him to his new position.

Speaking after the result of the election had been announced in Paris [see separate story - click here], FOTA chairman and Ferrari boss Luca di Montezemolo backed the Frenchman to revitalise motorsports world governing body and help F1 continue to move forward.

"I would like to send my best wishes to Jean Todt in his new role, as I have always appreciated his ability, dedication and commitment," Montezemolo stated.

"I am sure that, under his guidance, the Federation will be rejuvenated and will restore a climate open to dialogue and constructive collaboration with the teams and FOTA, thus ensuring stability of the regulations and the whole environment.

"F1 is about to embark on a new phase: all the stakeholders must work together with an eye to the future, to increase the credibility and interest generated by this sport, tackling the technical and environmental challenges that await it, while keeping unchanged, those characteristics that have made it one of the most popular disciplines on the world stage".

FOTA vice chairman John Howett meanwhile echoed those sentiments: "I extend my best wishes to Jean Todt as he takes on this demanding but crucial role. I am convinced that Jean Todt's presidency represents an opportunity for all F1's stakeholders to unite under his leadership and work together to strengthen our sport," he continued.

"FOTA is looking forward to supporting him to broaden the appeal of our sport among fans and sponsors while also respecting F1's great heritage to which he has contributed enormously."