SEP 10th 2014

Di Montezemolo steps aside as Ferrari Chairman

Speculation had been building for some time that Ferrari President Luca Di Montezemolo would be stepping aside as Chairman of Ferrari after 23 very successful years, and this morning the news was finally confirmed.

Having taken-on the role at a time when Ferrari was producing neither the best road nor Formula One cars, Di Montezemolo steered the company through its best-ever period when it can rightly claim to have been leading the way on both fronts, having increased revenues by a factor of 10 and tripled sales volumes.

The man himself said: ‘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.’

The word within F1 circles would appear to be that Ferrari’s poor season in F1, and subsequent public disagreements with Fiat boss Sergio Marchionne, have lead to the enigmatic Italian leaving his post before his contract was up. Whatever the reason, GRR reckons he can leave with his head held high, and his reputation as a master of his industry intact.

 

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