The team has won a total of 16 F1 championships but its performance has stalled in recent years. It hasn’t won the F1 title since 2008 and failed to get on the podium at the Italian Grand Prix earlier this month. Mr Montezemolo resigned after the race. Ferrari’s new representative on the board of Delta Topco is expected to be either Sergio Marchionne, chief executive of Fiat Chrysler, which owns a 90pc stake in Ferrari, or its F1 team boss Marco Mattiacci.