Ferrari's Luca Di Montezemolo is to step down as chairman of the Formula 1 team.
His departure follows a poor season on the track and disagreements with Sergio Marchionne, chief executive officer of parent company Fiat.
"This is the end of an era after almost 23 marvellous and unforgettable years," said Di Montezemolo, 67. "It has been a great privilege."
Marchionne will replace Di Montezemolo, who leaves the role on 13 October.
