Stefano Domenicali has resigned as team principal of Ferrari in the wake of the disappointing start to the team’s 2014 season.
He will be replaced by high flying Ferrari road car executive Marco Mattiacci, who will be in China next weekend.
Ferrari said: “On receiving Stefano Domenicali’s resignation, Ferrari thanks him for the dedication he brought to his service to the company, in positions of ever increasing responsibility over the past 23 years. It offers Stefano Domenicali its most sincere best wishes for the future.”
Mattiacci worked at Jaguar/Ford before joining Ferrari in 1999. He quickly rose up the ranks to become President and CEO of Ferrari Asia Pacific in June 2006, before taking the same role at Ferrari North America in May 2010. He is clearly highly regarded within the Ferrari camp.
Domenicali’s decision came after discussions with Luca di Montezemolo, who recently extended his own contract as Ferrari president for another three years.
Montezemolo said in a statement: “I thank Stefano Domenicali not only for his ongoing contribution and commitment, but for the great sense of responsibility that has demonstrated today by putting the interest of the Ferrari ahead of his own.”
The 48-year-old Domenicali joined the company in 1991 on the administration side. He became F1 team manager in 1997 and later had the title of sporting director, before he followed Jean Todt into the team principal role.
Domenicali’s future is not year clear, although he is highly respected in the motor sport world and would have little trouble finding a new role. He has been linked with Audi in the past.