18/03/2008 20:30

Maranello, Italy - Jean Todt resigned as CEO of Ferrari on Tuesday and will assume a "special appointment" within the company's racing department.

Amedeo Felisa, formerly Ferrari's general manager, was appointed to replace Todt as CEO, the company said in a statement following a shareholders meeting.

Todt already handed over his position as director of Ferrari's Formula One team to Stefano Domenicali in November.

Todt will remain a member of Ferrari's board and maintain his positions as president of the boards of directors of Ferrari Asia Pacific and Ferrari West Europe. He will also continue to represent Ferrari at the FIA World Council.

Ferrari said Todt would also be given a "special appointment" directly by president Luca Cordero di Montezemolo within the racing department.

Since Todt arrived in Maranello in 1993, Ferrari has won six drivers titles, seven constructors championships and 98 Formula One races.