Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week

Di Montezemolo steps down from Ferrari role

by
11 years ago
A A
0
Share on FacebookShare on Twitter

Ferrari president Luca di Montezemolo has confirmed he will leave the company next month, ending speculation over his future at Ferrari and the F1 team.

The 63-year-old has been with the Italian marque for 23 years, but a decision by Ferrari’s parent company Fiat-Chrysler to float on the New York Stock Exchange has prompted his departure.

“Ferrari will have an important role to play within the FCA Group [Fiat-Chrysler Automotive] in the upcoming flotation on Wall Street. This will open up a new and different phase which I feel should be spearheaded by the CEO of the Group,” he said.

“This is the end of an era and so I have decided to leave my position as chairman after almost 23 marvellous and unforgettable years in addition to those spent at Enzo Ferrari’s side in the 1970s.”

RelatedPosts

Kirkwood was all smiles after his first oval victory. Photo: Kevin Dejewski

Kyle Kirkwood earns unlikely IndyCar win under the lights at Gateway

3 minutes ago
George Russell keeps his fourth career victory in F1

George Russell escapes penalty after Red Bull protest to maintain F1 Canada victory

2 hours ago

He will officially leave the company on October 13th.

Di Montezemolo’s sudden announcement, just days after insisting he wanted to see out the remaining three years of his contract, has likely been pushed by Fiat boss Sergio Marchionne who has been critical of Ferrari’s F1 performance.

Marchionne will become Ferrari’s new chairman and hinted in his statement that change was needed to get the company’s F1 team back on track, even though Ferrari itself is expected to announce record profits this year.

“Luca and I have discussed the future of Ferrari at length. And our mutual desire to see Ferrari achieve its true potential on the track has led to misunderstandings which became clearly visible over the last weekend.”

In the statement, Di Montezemolo thanked his staff: “Ferrari is the most wonderful company in the world. It has been a great privilege and honour to have been its leader. I devoted all of my enthusiasm and commitment to it over the years.

“Together with my family, it was, and continues to be, the most important thing in my life.

“I wish the shareholders, particularly Piero Ferrari who has always been by my side, and everyone in the company the many more years of success that Ferrari deserves.”

Share196Tweet123Share

Related Posts

Kirkwood was all smiles after his first oval victory. Photo: Kevin Dejewski
IndyCar

Kyle Kirkwood earns unlikely IndyCar win under the lights at Gateway

3 minutes ago
George Russell keeps his fourth career victory in F1
Formula 1

George Russell escapes penalty after Red Bull protest to maintain F1 Canada victory

2 hours ago
George Russell Max Verstappen
Formula 1

George Russell’s F1 Canadian GP win in jeopardy after Red Bull protest

5 hours ago
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You can manage the subscriptions of this post.

Latest News

Kirkwood was all smiles after his first oval victory. Photo: Kevin Dejewski

Kyle Kirkwood earns unlikely IndyCar win under the lights at Gateway

June 16, 2025
George Russell keeps his fourth career victory in F1

George Russell escapes penalty after Red Bull protest to maintain F1 Canada victory

June 16, 2025
George Russell Max Verstappen

George Russell’s F1 Canadian GP win in jeopardy after Red Bull protest

June 15, 2025
Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd