Ferrari swap Mattiacci for Arrivabene as team principal

ByReuters

Updated 24/11/2014 at 12:28 GMT

Marco Mattiacci's brief reign as Ferrari Formula One principal ended on Monday with the Fiat-owned team replacing him with Maurizio Arrivabene.

Marco Mattiacci (Ferrari) - GP of China 2014

Image credit: AFP

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

"Throughout his time with Philip Morris, Maurizio Arrivabene has been closely involved in the partnership with Ferrari both in Maranello and on the world's racing circuits," the team said in a statement.

"He has also represented all Formula One sponsors on the F1 Commission since 2010."

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