News Details
Montezemolo exit from Ferrari rocks F1 world
Luca di Montezemolo's reign at Ferrari is over
Despite securing $35 million payout as he walks away from his high profile job at Maranello, Luca di Montezemolo had a tear in his eye on as he said farewell to Ferrari.
Although he was president, and although his presence at Maranello dates back decades, the 67-year-old is just the latest head to roll amid Ferrari's spiralling crisis.
'Our common desire to see Ferrari express its true potential on the track led us to some misunderstandings,' admitted Fiat chairman Sergio Marchionne, Montezemolo's successor.
Charismatic and controversial, Montezemolo has secured a $35 million parting fee, including a pledge he will not work for a Fiat rival...
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10y ago from GrandPrix247.com
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