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Ferrari announce contract extensions - 9th June 18:34pm GMT

Ferrari announces that Jean Todt will continue in his role as Managing Director of the Gestione Sportiva to the end of 2006.

Also continuing to report in to him up to that date will be Technical Director Ross Brawn, Engine Director Paolo Martinelli, Chief Designer Rory Byrne and head of engine design Gilles Simon.

Furthermore, Ferrari announces that it has extended its agreement with the driver Michael Schumacher to the end of the 2006 season.

There was no mention of Rubens Barrichello in todays hearing. His contract expires at the end of next season. There is a high chance that he will be dropped and replaced by someone else.

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