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Ferrari appoints Malboro chief as new Team Principal

Snapshot: Ferrari recently announced Maurizio Arrivabene as their new team principal.

Formula 1 2014 season is over with a bang and teams have started preparing for the 2015 season. But, Ferrari, just finished one of its worst season ever, and the only time they were able to create noise was, with the appointment of Sebastian Vettel as their new driver. And yes, what happens when a team doesn't perform well? Management takes a jibe! So did Ferrari, who recently announced Maurizio Arrivabene, as their new team principal.

This is third change the top order from the parent company Fiat, to revive the lost glory of the Prancing Horse. Earlier this year, they dismissed Stefano Domenicalli as the team principal, followed by the controversial exit of Luca di Montezemolo, who served Ferrari for 23 long years. Fiat also announced the spin-off from Ferrari!

The Maranelo based manufacturer has appointed the ex-senior executive at tobacco giant Philip Morris International, managing the Marlboro brand's sponsorship of the Scuderia. Arrivabene will take charge as the Managing Director of the Gestione Sportiva and Team Principal of Scuderia Ferrari, replacing Marco Marco Mattiacci. 

"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", he added.

204 has been a disastrous season for the Scuderia, after they finished fourth in the constructors' standings behind Mercedes, Red Bull and Williams. Ferrari failed to win even a single grand prix since 1993, and the last time it finished the championship in such poor shape was in 2010. Fernando Alonso finished on the podium only twice this season while Kimi Raikkonen struggled further back. 

Also check the recent development between Ferraria and Vettel!

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