CVC adds di Montezemolo, Walsh to Board of Directors for F1; Bernie stays on

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Luca di Montezemolo is no longer chairman of Ferrari, but he will have a new distinction for 2015: part of the Board of Directors for Formula One’s controlling shareholder, CVC Capital Partners.

Montezemolo and Paul Walsh have been appointed as Non Executive Directors, to take effect on January 1.

Walsh was former CEO of Diageo plc, the drinks and spirits company. He is currently chairman of the Compass group.

Meanwhile Bernie Ecclestone will continue as CEO of Formula One Group, it was also confirmed today.

Essentially this means that two of the biggest power players in F1 history are now part of the same organization, and that Ecclestone’s role as top man in F1 business and commercial relationships will continue for the foreseeable future.

Meanwhile, Ecclestone has released his Christmas card. See below for that.