Montezemolo named head of Formula One Teams Association

When the Formula One teams met last week at the Ferrari factory in Maranello, they had yet to announce who would take over the helm of their newly-formed Formula One Teams Association. The group was formed to effectively negotiate on behalf of all the teams on a new commercial deal with Bernie Ecclestone's Formula One Management and on new regulations with the FIA. Reports now indicate that Luca di Montezemolo will act as the group's leader and spokesman.

Now if you're thinking that Montezemolo isn't a team principal, you're right. In fact, he hasn't been actively responsible for the Scuderia in decades. The hereditary Marquis de Montezemolo is president of Ferrari and chairman of the entire Fiat Group, and recently finished his term as chairman of industrial association Confindustria. Certainly a heavy hitter, well above to pay-grade of Scuderia Ferrari chief Stefano Domenicali. The top-level appointment certainly lends a great deal of weight and credibility to the new association.

[Source: F1-Live]