Marco Mattiacci's brief reign as Ferrari Formula One principal ended on Monday with the troubled Fiat-owned outfit replacing him with Maurizio Arrivabene, the team's third boss in nine months. The Italian joins from sponsor Philip Morris where he held senior positions in marketing and promotions. He is also an independent board member of Juventus soccer club. Ferrari chairman Sergio Marchionne said in a statement that the team and Formula One needed "a person with a thorough understanding not just of Ferrari but also of the governance mechanisms and requirements of the sport. "Maurizio has a unique wealth of knowledge: he has been extremely close to the Scuderia for years and, as...
Full Story »