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Montezemolo to leave Ferrari, Fiat CEO to take over
Ferrari president Luca di Montezemolo will leave the company next month amid a very disappointing season by the flagship Formula One team. A statement from Ferrari's parent company Fiat-Chrysler said Montezemolo will depart on Oct. 13 following Ferrari's 60th anniversary celebration of sales in the United States. Fiat-Chrysler CEO Sergio Marchionne will also take on the Ferrari job in the immediate term. While Ferrari is healthy economically, the F1 team has struggled in recent years and was a long way off the leaders at last weekend's home Italian Grand Prix, where there was a public spat over the team's performance. At the time, Montezemolo insisted he would stay on in the job, but...
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11y ago from F1Pulse.com
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