Ferrari president Luca di Montezemolo was appointed as the Formula One Teams Association's first chairman.
The association was set up by the 10 Formula One teams to work closely with governing body the International Automobile Federation (FIA) to help improve the sport.
Ferrari said the meeting had agreed five primary objectives and established three commissions: a Sporting Working Group will be led by McLaren chief executive Martin Whitmarsh; a Technical Working Group by Honda team principal Ross Brawn and a Commercial Working Group by Renault F1 team boss Flavio Briatore.
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