Ferrari has confirmed reports that team principal Maurizio Arrivabene will exit the team with 'immediate effect'. Arrivabene, who has held the position of team boss since 2014, will be replaced by chief technical officer Mattia Binotto. 'After four years of untiring commitment and dedication, Maurizio Arrivabene is leaving the team,' the Italian outfit confirmed on Monday. '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...
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