Montezemolo regrets lack of recognition by Ferrari

Former Ferrari president Luca di Montezemolo regrets that his past contribution to the iconic Italian company's growth and worldwide success was not recognised by current management in the wake of the manufacturer's recent flotation on the public stock market.

Montezemolo, whose career with Ferrari initially started way back in 1973 as the Scuderia's sporting director, guided the house of Maranello's destiny from 1991 until the end of 2014, when a fall-out with current chairman Sergio Marchionne ended the 68-year-old manager's reign.

Under Montezemolo's govern, the Ferrari brand and its products flourished while the Scuderia conquered 14 world drivers' and constructers' titles, the bulk of which were achieved during the Michael Schumacher era between 2000 and 2004.

Speaking recently to the Financial Times on the subject of Ferrari's flotation, the current chairman and CEO of Italian airline carrier Alitalia believes he deserves more credit for his contribution to Ferrari's prosperity.

"When Ferrari went public, of the results they presented, 23 of 24 years were down to me and my people," he said.

"So the least I expected from the owners was an official thank you. I didn’t expect a present because the value [of the company at $9.8bn in the initial public offering] was unbelievable, but at least a thanks."

In addition to his responsibilities with Alitalia, Montezemolo also heads the committee which is attempting to secure the 2024 Olympic Games for the city of Rome.

Feature: Force India winter diary part two - Logistics

Key dates for the 2016 F1 season

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

Recent Posts

Prost: ‘Very difficult’ for Renault to return to F1 in the future

Four-time Formula 1 world champion Alain Prost has suggested the sport may have seen the…

5 hours ago

Ocon: Haas’ expanded partnership with Toyota is ‘fantastic’ for 2026

Esteban Ocon is brimming with optimism about Haas’ future – and a big part of…

6 hours ago

Norris looks ahead to 2026: ‘I would love to race Lewis more’

Fresh from clinching his maiden Formula 1 world championship last weekend in Abu Dhabi, Lando…

8 hours ago

Herta offers feedback on first official F2 test in Abu Dhabi

Cadillac F1 reserve driver Colton Herta made a strong start to his preparations for the…

9 hours ago

The Indianapolis Motor Speedway: Born on this day in 1909

On this day in 1909, the Indianapolis Motor Speedway in Indiana was finally completed. The…

10 hours ago

‘Dirty games were played’: Marko exposes Horner’s lies at Red Bull

In the high-stakes world of Formula 1, where alliances shift faster than a pit stop…

11 hours ago