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    Jean Todt steps down as Ferrari CEO...

    Jean Todt steps down as Ferrari CEO...

    (18 March 2008)

    "Ferrari's shareholders on Tuesday confirmed the board of directors for a three-year period, with Luca di Montezemolo staying on as president and Jean Todt stepping down from his role as CEO. The Frenchman will be replaced by Amadeo Felisa.

    Todt, who left his position as team principal of the Formula One team this year, had been appointed CEO in October 2006. The Frenchman will remain as part of the Ferrari board, after been given special appointments in GT activities and Sports Management. He will also continue to represent Ferrari at the FIA World Council.

    "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."

    Ferrari said in a statement that it "thanks Jean Todt for the extraordinary human and professional contribution he has made over the last fifteen years of sporting success and great growth for the company of the Prancing Horse."

    The Board is now therefore composed as follows: Luca di Montezemolo, Piero Ferrari, Jean Todt, Amedeo Felisa, Alfredo Altavilla, Diego della Valle, Christopher Gent, Enrico Lippi, Sergio Marchionne, Paolo Monferino, Lindsay Owen-Jones, Marco Piccinini and Sergio Pininfarina.

    The shareholders' meeting also approved the balance sheet of the company in 2007, when 1,668 million euro were invoiced and 6,465 cars were delivered."

    Autosport_Jean-Todt-steps-down-as-Ferrari-CEO_link

    Re: Jean Todt steps down as Ferrari CEO...

    Dude needed something with less stress for awhile. Running the F-1 Program was a full-time, on duty at all times job. No life but F-1 ever. It was a drain. Then you have to focus 100% on running a company.

    He needed a breather. Cheers to him and I hope his next venture is successful. The man is a damn good and talented manager. Believe it or not, it's rarer than people think.

    Re: Jean Todt steps down as Ferrari CEO...

    As with all things in life, I suspect there is somehow more to this story than what we see on the paper. Wasn't there a power struggle that we heard between Jean Todt and Luca Di Montezemolo?

    Farewell JT,

    The pic taken from Welcome party at The Oriental hotel, BKK last year. (by my handy, sorry for poor quality)

    Re: Jean Todt steps down as Ferrari CEO...

    LdM wants to return -- so Todt had to go. Some power struggle with LdM is beyond his dignity I presume.

    Re: Farewell JT,

    Quote:
    ferrarikp said:
    The pic taken from Welcome party at The Oriental hotel, BKK last year. (by my handy, sorry for poor quality)



    Err, where is he?

    Only flowers, ah there, found him.

    Re: Farewell JT,

    He was a damn good manage in the golden MS days

    Re: Farewell JT,

    Quote:
    Atzporsche said:
    He was a damn good manage in the golden MS days



    Agree 100 times,

    Re: Farewell JT,

    Quote:
    Rossi said:
    Quote:
    ferrarikp said:
    The pic taken from Welcome party at The Oriental hotel, BKK last year. (by my handy, sorry for poor quality)



    Err, where is he?

    Only flowers, ah there, found him.



    As the manager of the Oriental Hotel responsible for the organisation of the press conference said afterwards: "He looks bigger when you see him in the pit lane on TV."

     
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