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Ferrari's Jean Todt relinquishes CEO role 19 Mar 2008

Jean Todt (FRA) Ferrari Sporting Director 
Formula One World Championship, Rd17, Brazilian Grand Prix, Race Day, Interlagos, Sao Paulo, Brazil, Sunday, 21 October 2007 Kimi Raikkonen (FIN) Ferrari celebrates on the podium with Jean Todt (FRA) Ferrari Sporting Director and Felipe Massa (BRA) Ferrari 
Formula One World Championship, Rd17, Brazilian Grand Prix, Race Day, Interlagos, Sao Paulo, Brazil, Sunday, 21 October 2007

It was confirmed by Ferrari’s shareholders on Tuesday that Jean Todt has stepped down from his role as CEO. Todt, who was appointed to the position in 2006, will be replaced by 62 year-old general manager Amedeo Felisa.

Todt will remain a member of the board of directors and maintains his positions as president of Ferrari Asia Pacific and Ferrari West Europe. He will also continue to represent Ferrari at the FIA World Council and has been given ‘special appointments’ by Ferrari President Luca di Montezemolo in the context of GT activities and sports management.

“A new phase of my life has now begun in which I will have more time to dedicate to myself and my other interests,” said the Frenchman in a statement. “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.”

Todt joined Ferrari in 1993 and became general manager in 2004. In January 2008 he handed over the position of Director of GES, which he had been holding temporarily, to Ferrari’s sporting director Stefano Domenicali. A new three-year presidency for di Montezemolo was also confirmed at the meeting held in Maranello.