(ANSAmed) - BOLOGNA, JUNE 15 - Ferrari President and Chairman Luca di Montezemolo has been named European Manager of 2012. He was given the award by European Business Press, an organisation of the major European economic dailies, during the group's annual meeting in Como. Ferrari's website states: Montezemolo has been recognised for his "outstanding work" in the management of Ferrari, which contributed to making it one of the most famous brands in the world", as well as his work in the NTV group and the Charme fund. European Business Press (EBP), which is celebrating its 50th anniversary this year, is an organisation composed of 48 European economic newspapers and magazines from 27 countries. Members include The Wall Street Journal Europe, Handelsblatt, Les Echos and Milano Finanza. The European Manager of the Year award received by Montezemolo for the year 2012 has existed since 1991 and the winner is chosen in a vote by the editors in chief of the publications that are members of the organisation. During the awards ceremony, the association spoke about how between 1991 and today Ferrari has "completely renewed its product line" under Montezemolo, returned to "victory on the Formula One circuit" and "achieved incredible commercial results, increasing its turnover tenfold while maintaining its exclusiveness". EBP also mentioned another of Ferrari's achievements under Montezemolo: the "geographical expansion" which makes Ferrari present in 60 countries worldwide. Montezemolo's commitment to improve the quality of life of workers at the factory in Maranello, which "has become a worldwide symbol of excellence and attention to individuals", was also cited.(ANSAmed).