Former Ferrari F1 boss Luca Di Montezemolo joins McLaren Automotive board
The move comes as McLaren Group Holdings makes key changes to its leadership team
Luca di Montezemolo
Photo by: Ferrari
Former Ferrari chief Luca Di Montezemolo has been appointed as a director of the McLaren Group Holdings Limited, which controls the McLaren Automotive business and has a minority stake in the F1 team.
On Friday, McLaren Group Holdings Ltd made a Companies House filing in the UK to appoint Di Montezemelo to its board of directors, which will see the Italian become the ninth director of the company.
Di Montezemolo was a key figure behind Ferrari's F1 resurgence in the late '90s and served as chairman at the Italian powerhouse until 2014.
He has now joined the McLaren Group Holdings Limited, which controls the automotive side of the business and has a minority stake in McLaren Group, which its racing teams falls under, but his scope is understood to be limited to the road car business.
"My heart is and will always remain red, I have become a board member of McLaren Automotive, which produces road cars, and is not involved in F1," Di Montezemolo was quoted by Italian news agency ANSA.
The appointment comes after Abu Dhabi-based investment firm CYVN Holdings finalised its takeover of McLaren Automotive under the UK-based McLaren Group Holdings Limited umbrella in April.
Luca di Montexemolo in parc ferme
Photo by: Mario Renzi - Formula 1 - Getty Images
CYVN said in April its strategy for McLaren's road car business will include expanding into "high-performance and luxury sectors, setting a new benchmark for excellence, and transforming McLaren into a high-performing British automotive business on the global stage."
In May it installed Nick Collins as the new McLaren Automotive CEO, who serves alongside Di Montezemolo on the board of directors. Earlier this week, McLaren Group chairman Paul Walsh was also added to the same board.
Meanwhile, McLaren Racing - and its parent company McLaren Group - is still majority owned by Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain.
Motorsport.com has reached out to McLaren Automotive for comment.
Photos from Austrian GP - Practice
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
2025 Austrian Grand Prix - Friday
We want your opinion!
What would you like to see on Motorsport.com?
Take our 5 minute survey.- The Motorsport.com Team
Share Or Save This Story
Carlos Sainz says Madrid’s new F1 circuit is “faster than it looks” after first laps
Former FIA aero chief officially joins Alpine in senior F1 role
The paradox of change as F1 2027 decision nears
Latest news
IndyCar penalizes Collet and Harvey after Indy 500 inspection failures
Alexander Rossi admits “It’s not often that you are happy with second place” after Indy 500 qualifying
It was a good Dover race, but not the NASCAR All-Star Race
Exotic dancers target Canadian Grand Prix weekend with Montreal strike
Feature
How F1's ADUO system works
How Colton Herta is chasing his F1 dream
How Formula 1 driving has changed – and stayed the same
Remembering a lost Italian F1 hero 40 years on
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.
Top Comments