News Details
Montezemolo exit rocks crisis-struck Ferrari
Despite securing $35 million as he walks away, Luca di Montezemolo had a tear in his eye on Wednesday 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 EUR 27 million parting fee, including a pledge he will not work for a Fiat rival until 2017.
He admitted on Wednesday that it is possible he will go on to...
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10y ago from GrandPrix.com
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