Ferrari to build on 'continuity and stability'

Alongside Schumacher, Jean Todt, Ross Brawn, Rory Byrne, Paolo Martinelli and Gilles Simon have all agreed contract extensions with Ferrari, ensuring that the key personnel who have guided the team to the last three drivers' world championships will remain with the team for at least the next three seasons.

"Ferrari's success over the past few years is based on the great professionalism of the team," said Di Montezemelo. "In my opinion, maintaining stability and providing continuity are the most important things. This month, Todt completes ten years with Ferrari and Schumacher is the driver who has been with the team for the longest time, as well as being the one who has brought us the most victories.

"The mood here is calm with little excitement over the renewal of contracts, even if, as is easily understandable, there is no lack of "siren" calls from the marker, in an area where everyone wants to win and there are few excellent specialists.

"I am also pleased to nip in the bud speculation as to Schumacher's future. He is motivated and feels strong and that is the best answer to so many various rumours."

One notable Ferrari employee whose contract with the team has yet to be extended is Rubens Barrichello. His current deal expires at the end of next year.

"As for Barrichello, the question does not arise, as there has never been speculation about his retirement," said Di Montezemelo. "It will eventually come down to a choice as to how we tackle 2005, but at the moment we have barely reached the mid-point of the 2003 season!"