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Ferrari President Luca Di Montezemolo Will Resign as Formula 1 Team’s Chairman
Published: September 10, 2014
BBCF1 revealed on Wednesday that the Italian would be resigning from the post he has held for almost 23 years, dating back to the early 1980s:
Di Montezemolo released a statement regarding his decision on Wednesday, the full version of which is provided by Pete Gill of Sky Sports:
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 be spearheaded by the CEO of the Group. This is the end of an era and so I have decided to leave my position as Chairman after almost 23 marvellous and unforgettable years in addition to those spent at Enzo Ferrari’s side in the 1970s.
My thanks, first and foremost, to the exceptional Ferrari women and men from the factory, the offices, the race tracks and the markets across the world. They were the real architects of the company’s spectacular growth, its many unforgettable victories and its transformation into one of the world’s strongest brands.
[...]
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. I wish the shareholders, particularly Piero Ferrari who has always been by my side, and everyone in the Company the many more years of success that Ferrari deserves.
Ferrari have struggled to adapt to Formula 1's new era of turbo technology and haven't won a constructors' championship since 2008.
Kimi Raikkonen was the last of their representatives to win a drivers' championship in 2007, the co...
Article Source: Bleacher Report - Formula 1
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