Formula 1 News

Jean Todt steps down as Ferrari CEO 

Jean Todt has announced today that he’s stepping down as Ferrari’s CEO. Ferrari shareholders met in Modena earlier this morning and following Todt’s announcement have nominated Amedeo Felisa as the Frenchman’s replacement. Todt, will remain a member of Ferrari’s Board and will retain his role as Chairman of Ferrari Asia Pacific and Ferrari West Europe Board. The Frenchman will continue to represent the Maranello-based team at the FIA World Council and will also receive special assignments in Gran Turismo and Sports Management activities.

Jean Todt said: “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. 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 replied with a statement: “Ferrari 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.”