Montezemolo leaves Ferrari helm, Marchionne takes over

FCA boss blasted F1 team's recent record on Sunday

(ANSA) - Turin, September 10 - Luca Cordero di Montezemolo is stepping down as chairman of Ferrari and Sergio Marchionne, the CEO of parent company Fiat Chrysler (FCA), is taking over, FCA said in a statement on Wednesday. It became clear that Montezemolo's long stint at Ferrari was close to ending on Sunday when Marchionne publicly criticised the performance of the carmaker's race team in Formula One in recent years.
   

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