"It was the right way to go," Frenchman Todt told Italy's La Gazzetta dello Sport, "but so far we were not able to communicate it well.
"But the future of formula one is in this direction," he added.
"In formula one there is now this search for the highest efficiency with the least amount of fuel in the tank but going as fast as possible," said Todt.
He denied claims the 'new' F1 is fundamentally flawed.
"Just look at what Dietrich Mateschitz has done, awakening the enthusiasm of the people in Austria," said Todt.
At the same time, however, he declared he is "open to proposals for the improvement" of the sport as it steps into the future.
"I'm going to the sponsors, media, new media, organisers, drivers of today and yesterday and the designers to bring to the table all the most interesting ideas," said Todt.