Former
Formula One team principal Jean Todt has now also given up his position as chief executive officer of the
Ferrari squad, claiming that he wishes to devote more time to personal interests.
The move was confirmed at Tuesday's meeting of shareholders in Maranello, with Ferrari installing Amedeo Felisa as Todt's successor as part of a confirmation of the company's board of directors for the 2008-10 period. Luca di Montezemolo was reappointed as president of Ferrari SpA, with Piero Ferrari as his vice-president. Todt remains on the board, along with Felisa, Alfredo Altavilla, Diego della Valle, Christopher Gent, Ferruccio Luppi, Sergio Marchionne, Paolo Monferino, Lindsay Owen-Jones, Marco Piccinini and Sergio Pininfarina.
Ferrari thanked Todt for the 'extraordinary human and professional contribution' he has made to the brand's Formula One success over the last 15 years, and confirmed that he will retain his role as president of Ferrari Asia Pacific and Ferrari West Europe. He will also continue to represent Ferrari at meetings of the
FIA's World Council, and will be given special appointments in the company's GT and overall sports management activities.
Todt joined Ferrari as director of GES in 1993, before becoming general manager of the company in 2004, and ascending to CEO in 2006. While in charge of the
F1 team, Ferrari claimed six drivers' titles, seven constructors' titles and 98 grands prix wins. He handed over the position of director of GES to Stefano Domenicali at the start of the year.
"My commitment to the president had been to manage the company until the end of his mandate as president of Confindustria, and to indicate the new director of the sports management," the Frenchman revealed, "Having accomplished these tasks, a new phase of my life has now begun in which I will have more time to dedicate to myself and my other interests. Naturally, I will continue to make a contribution to Ferrari in my institutional positions, and in those which the president has chosen to entrust me."
