Jean Todt steps down as Ferrari CEO

FerrariFerrari shareholders have confirmed that Jean Todt will be stepping down from his role as CEO, and Luca di Montezemolo will remain on as president. Todt is to be replaced by Frenchman Amadeo Felisa.

Todt has been CEO since October 2006. He left his position as team principal of Ferrari s F1 team earlier this year. Despite leaving both positions, Todt will remain an active part of Ferrari he will be remaining on the board and is to be given special duties in GT activities and sports management as well as continuing to represent the team at the FIA World Council.

“My commitment to the President has 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,” Todt explained. “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.”