Formula One team Ferrari have appointed Mattia Binotto to replace Maurizio Arrivabene as their team principal.
Arrivabene, 61, had held the top role since December 2014, when he joined from the Italian motorsport outfit’s main sponsor Philip Morris.
The change in leadership comes after Ferrari failed to sustain a season-long challenge to Mercedes during the 2018 campaign amid a series of driver and management errors.
Binotto, who has served as Ferrari’s technical director since 2016, assumes the role just two months ahead of the 2019 season, taking charge of drivers Sebastian Vettel and new addition Charles Leclerc.
An official statement from Ferrari read: ‘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 competitiveness over the past few years, and wish him the best for his future endeavours. With immediate effect, Mattia Binotto will take over as Scuderia Ferrari's team principal. All technical areas will continue to report directly to Mattia.’