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Di Montezemolo announces Ferrari departure

  • Published on 10 Sep 2014 10:13
  • comments 0
  • By: Rob Veenstra
Luca di Montezemolo has ended the intense speculation about his future by announcing his departure as Ferrari's long-time president. In a media statement on Wednesday, the 67-year-old said it is the "end of an era" for Ferrari ahead of the floatation of the Fiat-Chrysler group in New York.

"This will open up a new and different phase which I feel should be spearheaded by the CEO of the group," said Montezemolo, referring to Sergio Marchionne. "Ferrari is the most wonderful company in the world," he added. "It has been a great privilege and honour to have been its leader." (GMM)

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