Scuderia Ferrari has released a short statement confirming Maurizio Arrivabene's departure from Maranello, and his replacement by Mattia Binotto with immediate effect.
"After four years of untiring commitment and dedication, Maurizio Arrivabene is leaving the team," said Ferrari on Monday afternoon.
"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."
Gallery: The beautiful wives and girlfriends of F1 drivers
Keep up to date with all the F1 news via Facebook and Twitter
Sebastian Montoya, the 19-year-old son of former Formula 1 star Juan Pablo Montoya, is set…
When former Ferrari team principal Mattia Binotto took on the role of Chief Operating Officer…
Charles Leclerc concluded the 2024 F1 season with a sense of satisfaction, the Ferrari driver…
Former Formula 1 driver David Coulthard has voiced his dismay at FIA president Mohammed Ben…
Super Aguri's application to join Formula 1 became a reality on this day in 2005,…
Ferrari roared back into contention in 2024 to deliver their strongest season in years, thanks…