Ferrari Appoint Arrivabene As New Boss

Ferrari have appointed Maurizio Arrivabene as their new Team Principal, replacing Marco Mattiacci who himself only took the post in April.

Arrivabene becomes the Scuderia’s third chief in 2014 and will take the titles of Managing Director of Gestione Sportiva and Team Principal of Scuderia Ferrari.

He joins from Philip Morris where he developed a close relationship with Ferrari via their cigarette sponsorship deal. He has also represented all Formula 1 sponsors on the F1 Commission since 2010.

“We decided to appoint Maurizio Arrivabene because, at this historic moment in time for the Scuderia and for Formula 1, we need a person with a thorough understanding not just of Ferrari but also of the governance mechanisms and requirements of the sport,” said Ferrari Chairman Sergio Marchionne.

“Maurizio has a unique wealth of knowledge: he has been extremely close to the Scuderia for years and, as a member of the F1 Commission, is also keenly aware of the challenges we are facing. He has been a constant source of innovative ideas focused on revitalisation of Formula 1.

“His managerial experience on a highly complex and closely regulated market is also of great importance, and will help him manage and motivate the team. I am delighted to have been able to secure his leadership for our racing activities.

“We would also like to thank Marco Mattiacci for his service to Ferrari in the last 15 years and we wish him well in his future endeavours.”

The role of Ferrari Team Principal has previously been held by Stefano Domenicali and Jean Todt in recent years.