Honda F1 website

FEBRUARY 27, 2004

Montezemolo to run Italian industry federation

Ferrari boss Luca di Montezemolo is expected to be announced shortly as the head of Confindustria, the Italian federation of industry. Montezemolo will replace Antonio D'Amato, who been in charge for four years. It will give Montezemolo a major new job, helping to revive the troubled Italian economy and get the country's industry through the difficult period which has followed the recent Parmalat scandal.

The news will mean that Montezemolo has less time available to run Ferrari and Maserati and it is expected that a new manager will be brought in to run the car companies on a daily basis.