Arrivabene replaces Mattiacci at Ferrari

Mon Nov 24, 2014 8:00am EST
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By Alan Baldwin

ABU DHABI (Reuters) - Marco Mattiacci's brief reign as Ferrari Formula One principal ended on Monday with the troubled Fiat-owned outfit replacing him with Maurizio Arrivabene, the team's third boss in nine months.

The Italian joins from sponsor Philip Morris where he held senior positions in marketing and promotions. He is also an independent board member of Juventus soccer club.

Ferrari chairman Sergio Marchionne said in a statement that the team and Formula One needed "a person with a thorough understanding not just of Ferrari but also of the governance mechanisms and requirements of the sport.

"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 added.

"He has been a constant source of innovative ideas focused on revitalization of Formula One. His managerial experience on a highly complex and closely regulated market is also of great importance."

Mattiacci, who replaced Stefano Domenicali when the principal resigned in April, was parachuted in from Ferrari North America where he was president and chief executive.

He never looked comfortable in the high-profile sporting role, however, while Ferrari's performance on the track continued to decline.

The glamor team ended the season in Abu Dhabi without a single race win, for the first time since 1993, and the conclusion of the campaign also saw the departure of double world champion Fernando Alonso.   Continued...

Ferrari Formula One driver Kimi Raikkonen of Finland drives during the second free practice session of the Abu Dhabi F1 Grand Prix at the Yas Marina circuit in Abu Dhabi November 21, 2014. REUTERS/Hamad I Mohammed