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Ferrari CEO resigns
March 19, 2008 - 4:00 am ET
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MILAN (Reuters) -- Ferrari CEO Jean Todt has resigned. He will be replaced by the company's General Manager Amedeo Felisa, Ferrari said in a statement.
Todt headed Ferrari's Formula One team when the Italian carmaker won six straight constructors' titles between 1999 and 2004 with driver Michael Schumacher. In 2006 Todt became CEO of the luxury sportscar builder.
Todt said he had wanted to stay at Ferrari while Chairman Luca Cordero di Montezemolo was also chairman of Italy's employers body. Now that Montezemolo is back full time at Ferrari, Todt said he could "dedicate more time to myself and the things I'm interested in."
Todt will remain a board member as well as chairman of Ferrari Asia Pacific and Ferrari West Europe. Montezemolo has also asked Todt to carry out special assignments for Ferrari's racing operations, the company said.
Felisa, 62, joined Ferrari in 1990 and was named general manager two years ago.
Ferrari is a unit of Italian carmaker Fiat.
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Ferrari CEO Jean Todt resigns |
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