Ferrari have replaced their team principal for the second time this year with Maurizio Arrivabene taking over from Marco Mattiacci.
The Italian team confirmed the change barely 24 hours after the final race of the 2014 season in Abu Dhabi, bringing an end to Mattiacci’s brief tenure as boss.
With Ferrari struggling on the track, the team opted to replace the long-serving Stefano Domenicali with Mattiacci in April
However, the team’s fortunes failed to change and they ended the campaign with any victories, the first time since 1993.
“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,” Sergio Marchionne, who took over as Ferrari chairman in September.
“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.”
Arrivabene joins the team with immediate effect.