Ferrari Chairman Resigns, Leaving Quite the Legacy
The current state of affairs at Scuderia Ferrari, the automaker’s Formula 1 program, is not what you’d call healthy. The 2014 F1 season has witnessed minimal high points, the retirement of team principal Stefano Domenicali in April, and now will show Ferrari’s own boss out the door. RELATED: See Photos of Ferrari's Newest Hypercar, The LaFerrari
Ferrari chairman Luca di Montezemolo (right), announced he will step down from his long-term position, effective Oct. 13, ending an era of nearly 23 years at the helm of Ferrari’s F1 and road car operations.
As you might expect with any abrupt management change, there’s no shortage of underlying discord on the top floor at Ferrari. But honestly, we don’t really care about that. Over his two-plus decades in charge, di Montezemolo has truly achieved some fantastic figures.
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In 1991, when he became chairman, Ferrari had lost much of its F1 supremacy. In less than a decade, di Montezemolo helped guide the race-bred manufacturer to its 1999 F1 Constructors’ Championship (its first since 1983), and onto five straight titles with Michael Schumacher (2000-2004), one with Kimi Raikkonen (2007), and another title in 2008.
Surely you haven’t overlooked Ferrari’s captivating lineup of sports cars, supercars, and hypercars – have you? Since 1991, di Montezemolo’s Ferrari has rolled out well over a dozen different road cars, including the 360, F50, Enzo, FF, F12berlinetta, and the highly vaunted LaFerrari, among many others.
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He’s kept sales figures exclusive yet profitable, kept the brand truthful to its sporting heritage (worked at Enzo Ferrari’s side in the ‘70s), and grown the marque to become one of the world’s most recognizable brands. Taking the helm will be current Fiat CEO Sergio Marchionne.
So say what you will about Luca di Montezemolo, but he has achieved some truly great things at the helm of Ferrari.
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