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Ferrari severs ties with Luca di Montezemolo
Ferrari’s long standing president Luca di Montezemolo will leave the prancing horse stable with the chairman of the marque’s majority owner, Sergio Marchionne confirmed to step into the role.
Marchionne, the chairman of the Fiat-Chrysler group, is expected to take up the position next month following the maiden Russian Grand Prix at Sochi.
di Montezemolo has overseen the most successful run in Ferrari’s history with Michael Schumacher winning five driver’s titles.
In a prepared statement di Montezemolo said: 'Ferrari will have an important role to play within the FCA Group in the upcoming flotation on Wall Street.
“This will open up a new and different phase which I feel should...
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10y ago from SpeedCafe.com
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