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MAY 4, 2004

Todt gets a promotion

Jean Todt has been named as director-general of the Ferrari company and will take over some of the work previously done by Luca di Montezemolo, the Ferrari chairman and chief executive. Montezemolo will however retain both titles in addition to being the new head of Confindustria, the Italian union of employers.

As part of the reshuffling, Ferrari has confirmed the appointment of Martin Leach as the head of Maserati. The former Ford executive replaces Antonello Perricone, who is moving to another position within the Fiat empire.