Formula One news

Todt replaced as Ferrari CEO

Ferrari announced the board of directors for the next three years. Luca di Montezemolo remains Ferrari President while Jean Todt will step down from his role as Ferrari CEO. Todt will be replaced by Italian Amadeo Felisa.

Jean Todt became Ferrari CEO at the end of the 2006 Formula 1 season. Todt will remain part of the board at Ferrari and he will also continue to represent Ferrari at the FIA World Council meetings Ferrari confirmed in a statement.

"My commitment to the President had been to manage the company until the end of his mandate as President of Confindustria 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."

Todt joined Ferrari in 1993 as Director of GES, in 2004 he became General Manager of Ferrari and then in 2006 took on the position of CEO. On January 1st of this year he handed over the position of Director of GES, which he had been holding temporarily, to Stefano Domenicali. Since Jean Todt arrived in Maranello, the Scuderia Ferrari has won 6 Drivers' world titles, 7 Constructors' world titles and 98 Grand Prix in Formula One.

The new CEO, Amedeo Felisa, a 62 year-old, born in Milan, joined Ferrari in 1990 as Director of Product Development. His professional growth has led him take on roles of ever-increasing responsibility culminating in 2006 with his appointment to General Manager and now his appointment to CEO.

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