Ferrari revealed on Monday that Stefano Domenicali had resigned from his position as team principal after yet another disappointing start to a season.
It marks the end of a 23-year career with Ferrari.
He will be replaced by Marco Mattiacci. In a statement on the Ferrari team website, Domenicali said:
As the boss, I take responsibility, as I have always done, for our current situation. This decision has been taken with the aim of doing something to shake things up and for the good of this group of people that I feel very close to.
With all my heart, I thank all the men and women in the team, the drivers and the partners for the wonderful relationship we have enjoyed over all these years.
Ferrari President Luca di Montezemolo said in a statement:
I thank Stefano Domenicali, not only for his constant dedication and effort, but also for the great sense of responsibility he has shown, even today, in always putting the interests of Ferrari above all else.
I also want to wish all the best to Marco Mattiacci, whom I know to be a highly regarded manager and who knows the company well. He has accepted this challenge with enthusiasm.
Mattiacci will be seen by some as a curious choice. He has worked for Ferrari since 1999, but never with the F1 team. Rather, he comes from the road-car side, where he is the CEO and President of Ferrari North America.
He's well known and respected within the organisation, but almost totally unknown on the outside. Until yesterday, he didn't even have a Wikipedia page.
It's unclear whether Mattiacci will have full control over the team. Ferrari may decide to go down the Mercedes route of having separate chiefs for business and sporting affairs.