Mar.19 (GMM) Less than a week after the F1 season kicked off without him at the helm, Jean Todt has stepped down as CEO of the Italian marque Ferrari.
After a shareholders' meeting on Tuesday, a Ferrari statement said the board had "taken note of Jean Todt's wish to relinquish his position as CEO".
Amedeo Felisa succeeds him as CEO, but Todt will remain on the board of directors and continue to represent Ferrari at FIA World Motor Sport Council meetings.
"Jean Todt will furthermore be given special appointments directly by the president (Luca di Montezemolo) in the context of GT activities and sports management," Ferrari added.
Frenchman Todt, who joined Ferrari as its team boss in 1993, was quoted as saying that stepping down as CEO will give him "more time to dedicate to myself and my other interests".
Stefano Domenicali succeeded him as Ferrari's team boss this year.
Interestingly, despite Tuesday's news, Todt is rumoured to be making the trip to Malaysia for the grand prix this weekend.
His partner, actress Michelle Yeoh, is Malaysian.
Written: Wed, 19 Mar 2008 11:55:11
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