JUNE 22, 1998
...Piccinini moves up
Since leaving Ferrari Piccinini has run his family's business, a private Monaco-based bank called the Principe Societe de Banque de Monaco. In 1993 he was appointed head of the CSAI, the Italian national sporting authority, and as a result he took a seat on the World Motor Sport Council. He resigned from the CSAI post in 1994 but cleverly contrived to keep his FIA position.
When Bernie Ecclestone issued details of the planned structure of Formula 1 Holdings Ltd. after its flotation, Piccinini was named as deputy chief executive. Piccinini's place on the World Motor Sport Council has been taken by Sweden's LarsÊOsterlind, a longtime Mosley supporter.