Luca di Montezemolo expected more thanks from Ferrari

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Former Ferrari president Luca di Montezemolo expected a greater show of thanks from the Italian marque following its successful floatation on the New York Stock Exchange.

After 23 years at the helm of Ferrari, Montezemolo confirmed in September 2014 that he would be resigning at the end of the year, making way for Fiat-Chrysler CEO Sergio Marchionne.

Scuderia Ferrari has since enjoyed a revival in Formula 1 under the stewardship of Marchionne and team principal Maurizio Arrivabene, and is expected to challenge for both championships in 2016.

Although Montezemolo remains busy as chairman of Italian airline Alitalia and heading up Rome’s bid for the 2024 Olympic Games, he still feels that Ferrari should have thanked him for his efforts.

“When Ferrari went public [in October 2015], of the results they presented, 23 of 24 years were down to me and my people,” Montezemolo told the Financial Times.

“So the least I expected from the owners was an official thank you. I didn’t expect a present because the value [an initial $9.8bn] was unbelievable, but at least a thanks.”

Regarding Rome’s bid for the Olympic Games, Montezemolo believes that it will offer the city a chance to regenerate and modernize in the coming years.

“Without a major challenge, without a goal, without competition it will be extremely difficult to give a push to this town,” Montezemolo said.

However, he believes that staging the Olympics in Rome will be an incredible sight and plans to incorporate all of the city’s historic landmarks.

“Can you imagine the marathon beginning inside the Vatican, passing a mosque and synagogue, with the finish line under the Arch of Constantine, where the Romans celebrated their victories?” Montezemolo said.