Sergio Marchionne’s march through Ferrari continues to leave a wake of collateral damage. The turnover at the Scuderia has been extensive over this past season and rumors of a potential float as well as the Fiat empire’s need for Ferrari to be a sexy portfolio item in which to lure investors continues to cause changes.
Today it was announced that short-time team boss Marco Mattiacci will now be replaced by Maurizio Arrivabene. Here is the official press statement:
Ferrari is pleased to announce the appointment of Maurizio Arrivabene as Managing Director of Gestione Sportiva and as Team Principal of Scuderia Ferrari, replacing Marco Mattiacci.
Mr Arrivabene comes to Ferrari from Philip Morris, which he joined in 1997 after a 20 years career in marketing and promotions in Italy and abroad.Maurizio Arrivabene has held a variety of posts in Philip Morris, leading up to his appointment in 2007 as Vice President of Marlboro Global Communication & Promotions for Philip Morris International and, in 2011, as Vice President Consumer Channel Strategy and Event Marketing. He has been an independent member of the board of Juventus FC since 2012 also. From 2011 to 2012 he has been a member of the Sport Business Academy (SDA Bocconi School of Management and RCS Sport), in the Advisory Team Program.
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. He has also represented all Formula One sponsors on the F1 Commission since 2010.
“We decided to appoint Maurizio Arrivabene because, at this historic moment in time for the Scuderia and for Formula 1, we need a person with a thorough understanding not just of Ferrari but also of the governance mechanisms and requirements of the sport,” commented Ferrari Chairman Sergio Marchionne. “Maurizio has a unique wealth of knowledge: he has been extremely close to the Scuderia for years and, as a member of the F1 Commission, is also keenly aware of the challenges we are facing. He has been a constant source of innovative ideas focused on revitalisation of Formula One. His managerial experience on a highly complex and closely regulated market is also of great importance, and will help him manage and motivate the team. I am delighted to have been able to secure his leadership for our racing activities”.
“We would also like to thank Marco Mattiacci for his service to Ferrari in the last 15 years and we wish him well in his future endeavours” concluded Mr. Marchionne.