posted on Jul, 1 2004 @ 01:55 PM
Max Mosley will step down as president of the International Automobile Federation in October 2004, the FIA announced Thursday.
In a statement, the FIA said Mosley informed its general assembly he would resign at the end of the Formula One season. Mosley is scheduled to hold a
news conference Friday. Mosley has been president since October 1993. During his tenure, F1 has arguably emerged as the highest profile auto-racing
sport in the world.
Mosley engineered the merger between the FIA and FISA - the sporting subsidiary of the FIA - and was elected president for a four-year period 11 years
ago. He was re-elected in October 1997 and again in 2001.
As a driver, he raced mostly in Formula Two in the late '60s before founding March Engineering. March cars won numerous titles in Formula Two,
although struggling in Formula One.
Mosley became president of the manufacturers commission at the FIA in 1986 and was elected president of the FISA in 1991.
Mosley grew up in Ireland and studied in France, Germany and England. He graduated with a degree in physics in 1961 and qualified as a solicitor three