Former Ferrari team principal Jean Todt has resigned from the Ferrari board of directors and from the various positions he still held with the Italian firm. Todt was a key figure in Ferrari’s recent Formula One success, winning championships with Michael Schumacher and Kimi Raikkonen.
Announcing the news on Tuesday, Ferrari Chairman Luca di Montezemolo paid tribute to the contribution made by Frenchman Todt since he joined the company in 1993.
“Jean Todt has been one of the leading protagonists of the Ferrari story of the last 15 years,” declared Montezemolo. “Skill and passion have always characterised his work and have won him my persona respect and affection, the one of the Company as a whole and of the Prancing Horse enthusiasts everywhere.
“I would like to wish him the very best for the future which I hope will prove extremely satisfying both personally and professionally. All of these years we’ve spent together – victories and tough times included – have forged a link between Jean Todt and Ferrari that will never be broken.”