Luca di Montezemolo has announced that he will not campaign for a seat in the Italian Parliament this year, taking a step back from his recent political involvement.
The 65-year-old, who established the Italia Futura association back in 2009, is instead set to focus on his Ferrari presidency, leaving the future responsibility of the growing group in the hands of those who have worked around him in recent years.
"I will not run for a seat," di Montezemolo told Italy's La Repubblica newspaper. "I will leave it to the many qualified people who have supported and worked for the association in the past few years. It is only fair that they are the key players."
Di Montezemolo added that although he will continue to support Italia Futura's bid to become a recognised party, he is no longer going to play a key role in the movement.
"Italia Futura is close to turning into something a lot more widespread and diverse and I won't be the leader of it," he explained of his plans. "I will support it with determination, but not in a position that will lead to any conflicts of interests."
Since the beginning of di Montezemolo's Ferrari reign in 1991, the Italian marque has claimed eight Constructors' titles and notched up six Drivers' championships.
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