Former Ferrari chairman Luca di Montezemolo joins McLaren Group board
Summary
Former Ferrari chairman Luca di Montezemolo has joined the board of McLaren Group. Di Montezemolo, instrumental in Ferrari's past successes, brings significant experience to the British team. The appointment was revealed in new UK Companies House filings, which also noted changes in directorship related to the Bahraini ownership.
Montezemolo Joins McLaren Group Board
Former Ferrari chairman Luca di Montezemolo has been appointed a director of the McLaren Group, according to newly filed documents.
Why it matters: Di Montezemolo, a pivotal figure in Ferrari's most dominant era, brings a wealth of experience to McLaren, a team seeking to regain its former glory.
- Legacy at Ferrari: Di Montezemolo was instrumental in building Ferrari's championship-winning team of the late 1990s and early 2000s by recruiting key personnel like Jean Todt, Michael Schumacher, and Ross Brawn. He also had a successful stint with Ferrari in the 1970s, working with Niki Lauda.
- Departure from Ferrari: He left Ferrari in September 2014 following disagreements with then-FIAT CEO Sergio Marchionne.
- McLaren Appointment: Documents filed with the UK's Companies House reveal di Montezemolo was appointed a director of McLaren Group Holdings Limited on Friday, June 27th.
- Current Leadership: Other directors include Executive Chairman Paul Walsh and Zak Brown, CEO of McLaren Racing.
- Ownership Changes: The filings also noted the resignation of three directors from the Middle East. McLaren Group is owned by Mumtalakat, Bahrain's sovereign wealth fund.
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