The Ferrari board of directors has expanded to include a surprise member from Abu Dhabi in the figure of Khaldoon Al Mubarak. The Italians are a little miffed, to say the least, proclaiming a headline of “An Arab on Ferrari’s board” and saying that this is the first time this has happened.

Al Mubarak is chairman of the Mubadala financing group from Abu Dhabi, and takes his place on the board along with Alessandro Gianni Baldi from Fiat, who are replacing Jean Todt and Ferruccio Luppi.

Ferrari recently released its sales figures for this year, down on last year’s, but has put a positive spin on the situation, highlighting that 2008 was a record year for Ferrari sales. The first nine months of this year were down 6.9 percent on the same period last year, though that figure in the last three months has reduced to 4.3 percent with earnings of 396 million euros.

Source | Autoblog.it and Quattroruote

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News from Reuters is that Jean Todt has resigned his role of managing director and will be substituted by Amedeo Felisa, who has been working as general manager at Maranello.

Todt was the catalyst for much of Ferrari’s long season of success, including six consecutive manufacturers titles from 1999 to 2004, and five driver titles from 2000 to 2004 thanks to Michael Schumacher. In 2006 he became MD of the company but with the re-entry of Montezemolo to Ferrari (leaving the presidency of the industrial association to Emma Marcegaglia), the French manager declared that he would have more time for himself and his interests.

The announcement was made in the course of the shareholders general assembly. Todt will remain head of Asia-Pacific and Western Europe, a board of directors member and Ferrari representative at the FIA World Congress. He will also e trusted with special projects in sporting management. Felisa, 62 years old, from Milan, and with Ferrari since 1990, will take his place after two years as general manager.

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