Ferrari confirmed that Maurizio Arrivabene leaves the team while Mattia Binotto will take his place as Team Principal.
The announcement was as follows:
“After four years of untiring commitment and dedication, Maurizio Arrivabene is leaving the team. The decision was taken together with the company’s top management after lengthy discussions related to Maurizio’s long term personal interests as well as those of the team itself.”
“Ferrari would like to thank Maurizio for his valuable contribution to the team’s increasing competiveness over the past few years, and wish him the best for his future endeavours.”
“With immediate effect, Mattia Binotto will take over as Scuderia Ferrari’s Team Principal. All technical areas will continue to report directly to Mattia.”
Arrivabene became Ferrari’s Team Principal in 2014, replacing Marco Mattiacci. Before that he worked for Philip Morris as Vice President of Marlboro Global Communications and Promotions. He was Vice President of Consumer Channel Strategy and Event Marketing in 2011.
Binotto is a Swiss-Italian engineer. Until now he was Technical Director at the Scuderia. He has been working at Ferrari since 1995.