Lo Monaco was appointed last week as Giorgio Perinetti was pushed out.
"I invested 10 per cent of my wages into the club and have become a shareholder," Lo Monaco told Radio Deejay.
"It was Zamparini's idea and I think that now the President will 'disappear' from the scene for six months to focus on other things.
"He has given work to many people and spent a lot of money for this club. Today Palermo, like other sides, have to think about how to be self-sufficient. As for the squad, I am optimistic, as we can get back on track with a few good results."