Farewell Mr. Chairman

Luca di Montezemolo is stepping down as the Chairman of Ferrari after 23 years at the helm. By Jerrica Leong

It is the end of an era at Ferrari with long-time chairman Luca di Montezemolo stepping down as chairman. During his time as Chairman, Ferrari has seen an increase in revenue and the most successful years in Formula 1. Di Montezemolo had also served as the president of Formula One Teams Association when it was formed to discuss improvements for Formula 1.

Statement from Ferrari Chairman Luca di Montezemolo:

“Ferrari will have an important role to play within the FCA Group in the upcoming flotation on Wall Street. This will open up a new and different phase which I feel should be spearheaded by the CEO of the Group. 

This is the end of an era and so I have decided to leave my position as Chairman after almost 23 marvellous and unforgettable years in addition to those spent at Enzo Ferrari’s side in the 1970s.

My thanks, first and foremost, to the exceptional Ferrari women and men from the factory, the offices, the race tracks and the markets across the world. They were the real architects of the company’s spectacular growth, its many unforgettable victories and its transformation into one of the world’s strongest brands.

A warm farewell and my thanks also to all of our technical and commercial partners, our dealers across the globe and, most particularly, the clients and collectors whose passion I so wholeheartedly share.

But my thoughts go also to our fans who have always supported us with great enthusiasm especially through the Scuderia’s most difficult moments.

Ferrari is the most wonderful company in the world. It has been a great privilege and honour to have been its leader. I devoted all of my enthusiasm and commitment to it over the years. Together with my family, it was, and continues to be, the most important thing in my life.

I wish the shareholders, particularly Piero Ferrari who has always been by my side, and everyone in the Company the many more years of success that Ferrari deserves.”

-- Source: Astro Publication