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Former Ferrari chairman Luca di Montezemolo has been appointed as a director of McLaren Group Holdings Limited, the company that holds a stake in its F1 operations.
Former Ferrari chairman Luca di Montezemolo has been appointed as a director of McLaren Group Holdings Limited, the company that holds a stake in its Formula 1 operations. The Italian was named as one of nine directors on the board for the company, which has a minority stake in the McLaren Automotive organisation, which oversees its F1 team. McLaren’s overall operations have seen a change over the last few months, with Abu Dhabi-based investment firm CYVN Holdings completing a takeover of McLaren Automotive two months ago. Some of di Montezemolo’s fellow directors include Nick Collins, a former executive at Jaguar Land Rover and Ford, and McLaren Group’s chairman, Paul Walsh. Di Montezemolo, 77, first joined the Italian marque in 1973 as an assistant to Enzo Ferrari. After a spell running the racing operations at FIAT, its chairman, Gianni Agnelli, appointed di Montezemolo the president of Ferrari in 1991, the team having failed to win a Drivers’ Championship in 12 years, and a Constructors’ Championship in eight years.
