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Ferrari team boss Stefano Domenicali resigns after Scuderia's poor start to 2014

Ferrari fifth in standings; Departing team boss hopes decision will "shake things up"; Di Montezemolo accepts resignation; Ferrari North America President Marco Mattiacci takes over

Image: Stefano Domenicali: Has resigned as Ferrari's Team Principal

Stefano Domenicali has resigned as Team Principal of Ferrari, it was confirmed on Monday, with the 48-year-old paying the price for another slugglish start to a Formula 1 season by the Scuderia.

Ferrari's statement in full
'Stefano Domenicali has decided to resign from his position as Director of the Gestione Sportiva. '"There are special moments that come along in everyone's professional life, when one needs courage to take difficult and very agonising decisions," said Domenicali. "It is time for a significant change. 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. I hope that very soon, Ferrari will be back where it deserves to be. My final words of thanks go to our President, for having always supported me and to all our fans. I only regret that we have been unable to harvest what we worked so hard to sow in recent years." 'On receiving Stefano Domenicali's resignation, Ferrari thanks him for the dedication he brought to his service to the company, in positions of ever increasing responsibility over the past 23 years. It offers Stefano Domenicali its most sincere best wishes for the future. 'Ferrari announces that, as from today, it has appointed Marco Mattiacci, current President and CEO of Ferrari North America, as the new head of the Gestione Sportiva 'In accepting Stefano Domenicali's resignation, Ferrari President Luca di Montezemolo commented: "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 hold Domenicali in esteem and I have watched him grow professionally over the twenty three years we have worked together, I now wish him every success for the future. 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."

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