Former Ferrari boss Luca di Montezemlo has been appointed to the board of the F1 Group, main shareholder CVC has announced.
Meanwhile Bernie Ecclestone has been reappointed to the board after stepping down earlier this year during his legal dramas. He will continue as CEO having seemingly survived a difficult year with his power intact.
Montezemolo was previously on the board in his role as chairman of Ferrari, but now has a position of non-executive director in his own right.
Montezemolo is joined in a similar capacity by Paul Walsh, the former CEO of Diageo, owners of the Johnny Walker brand. Walsh, who is also a director of FedEx and Unilever, has been tipped as a replacement for Ecclestone. The appointments of both Walsh and Montezemolo commence on January 1.
7 responses to “Montezemolo lands spot on F1 board as Bernie returns”
Great, bernie back and now onto selling rolex watches.
Man, I wish that I was so rich that I could get away with being 100% out of touch with the very reality that makes me enough money to purchase women willing to kiss frogs.
It’s hilarious… they’re rivaling FIFA for credibility at this point…
I can’t believe it. Pigs in a trough. Sharing out the spoils whilst the teams go to the wall.
Luca will be Bernie’s successor when Bernie drops dead someday. Incompetent continuity, who could ask for more?
:-), nice one.
Dear CVC, et.al,
You may have my position when you pry it out of my cold dead hands….
and it won’t be easy……
and then I’ll take it back.
Bernard Ecclestone, ESQ