LONDON, England – Ferrari has appointed Mattia Binotto as its fourth Formula 1 team principal in less than five years after previous incumbent Maurizio Arrivabene was punished for the team’s lack of trophies.
The change comes only two months before the 2019 racing season opens in Melbourne on March 17.
Ferrari said in a media release: “After four years of untiring commitment and dedication Maurizio Arrivabene is leaving the team. The decision was taken with the company’s top management after lengthy discussions related to Maurizio’s long-term personal interests and those of the team.”
Arrivabene was appointed in November 2014 to replace Marco Mattiacci who had taken over after Stefano Domenicali resigned in April of that year.
Binotto is reported to be a Ferrari stalwart with more than two decades of Maranello experience. He takes over the job immediately and all the team’s technical areas will report to him.
Ferrari won six of the 21 races through the 2018 season but the second half of the year was dismal and arch-rival Mercedes won the Drivers’ and Constructors’ crowns for a fifth consecutive year. Its most recent champion was Kimi Raikkonen in 2007.
Ferrari has won a record 16 Constructors’ titles and has competed in every season since the first in 1950.