Chop Cut Rebuild • 4:00pm
  • Media
  • Photos
  • Videos
  • Check out the latest SPEED podcasts on iTunes
  • Mobile
This could be your avatar!
Username
Password
Register
RACER & autosport.com's avatar
Author:
RACER & autosport.com
Login For More
Rate this article:
  • 0/5 Stars
  • Related Photos
SPEEDtv.com Store
Victory By Design: Ferrari DVD
Alain de Cadenet, a long-time Ferrari enthusiast and aficionado, drives some of the great sports racers and sports cars.
Our Price: $24.95
Visit Button
Buy Button
Red Hot Ringtone: Air Rachet Single Burst
Sound off with SPEED Ringtones!
Our Price: Only $1.99
Visit Button
Buy Button
Ferrari 60 Years: The Great Moments
by Leonardo Acerbi
This lavish book dedicates a whole chapter to each of Ferrari's 60 years in existence.
Our Price: $50.00
Visit Button
Buy Button
Footer Bg
  • Zoom More Photos Button
  • Camera Icon
F1: Todt Steps Down as Ferrari CEO
Written by: RACER & autosport.com
RACER Magazine   http://www.racer.com/speedtv
03/18/2008 - 01:38 PM
Maranello, Italy
 
Todt will dedicate himself to "other interests" after relinquishing his CEO position. (LAT Photo) ยป More Photos

Only a year and a half after becoming Ferrari’s CEO, and less than half a year from his stepping down as the head of the Scuderia’s “Gestione Sportiva” (competition division) Jean Todt has announced his resignation from the role.

In a statement attached to the release of the decisions of the company’s latest shareholders’ meeting, Todt revealed his desire to dedicate himself more to other interests, although he’ll remain linked to Ferrari as a member of the board, the team’s representative at the FIA World Council and in “special appointments” doled out by company president Luca di Montezemolo.

"My commitment to the President had been to manage the company until the end of
his mandate as President of Confindustria [Italy’s confederation of industries] and to indicate the new director of the Sports Management," said Todt. "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."

Ferrari’s statement thanked Todt for “the extraordinary human and professional contribution he has made over the last fifteen years of sporting success and great growth for the company of the Prancing Horse."

Italian Amedeo Felisa will succeed Todt in the CEO role.
Commenting is not allowed in this article.