Todt not going anywhere

The future of the Frenchman, who has been in charge of the race team since 1993 and has masterminded six drivers' world titles - including Kimi Raikkonen's triumph this year - has been the subject of intense speculation over the past weeks.

But Montezemolo has insisted that Todt, who is also now the CEO of the entire Ferrari company, is not about to be the fifth major departure from the team in the last 12 months.

"Todt is the CEO of Ferrari and until further notice he will carry on doing that, while also having the Gestione Sportiva under his wing," Montezemolo said.

"In any case we'll announce the team organisation for 2008 at Christmas."

Montezemolo praised the work of the team, who were hit by a complete technical re-structure last winter following the departures of Michael Schumacher, chief designer Rory Byrne, engine guru Paolo Martinelli and technical director Ross Brawn.

"When we decided last February to hold the Fiat board meeting here, I would never have thought that it would have happened three days after winning the title," di Montezemolo added.

"So it's a double satisfaction, from one side Fiat that has more than doubled the net profit, and from the other Ferrari's exceptional season results.

"At the beginning we had some worries because Schumi, Brawn, [Paolo] Martinelli and Byrne weren't around anymore.

"But the men called to substitute for them have demonstrated we did not make a mistake in choosing them: they reacted in difficult times and under Todt they've formed a strong team."