Montezemolo leaves Ferrari

Ferrari president Luca di Montezemolo, a few days ago denied rumors of resignation, but on Wednesday announced his resignation. Montezemolo explained his decision to the upcoming release of Fiat Chrysler Automobiles on the stock exchange.

"Ferrari will play an important role in the upcoming release of shares in group companies FCA on Wall Street. Begins a new phase, which should lead the group's executive director. Period ended, I decided to leave the presidency after the 23 amazing and unforgettable years in addition to those I spent with Enzo Ferrari in the 70s", - said Montezemolo.