As we reported yesterday, the Ferrari board agreed to dismiss Jean Todt from his position as CEO. But we wouldn't be so quick to dismiss the Frenchman altogether. Todt has been known as one of the busiest people in the industry, and while everyone deserves a little downtime, at 62 Todt isn't expected to disappear so quickly.

Rumors have been circulating for years that Todt could succeed Max Mosley as president of the FIA, the international motorsport governing body that regulates Formula One, among many other racing series. Those rumors are only intensifying in the wake of Todt's resignation. Todt and Mosley are known to share a close relationship, and the current president is not expected to run for another term when his current one expires next year. The speculation breeds as well on the fact that even after stepping down from the top spot at Ferrari, Todt remains the Scuderia's representative on the FIA council, leaving him with a foothold in the governing body that could come in handy when it heads into elections in October 2009.

[Source: GrandPrix.com, Photo by Bryn Lennon/Getty]