Ferrari Asia Pacific Region President anStefano Domenicali, the team principal of Ferrari's struggling Formula One team, has resigned. Domenicali's term at the helm of the legendary F1 team started with a bang, as the Scuderia captured the constructors' title in 2008, but went downhill rather quickly.

In his tenure, Domenicali, above, has witnessed Red Bull assert its dominance of F1 while the red cars from Italy have languished, failing to even challenge for a constructors' championship during the past four seasons. Ferrari's best season under Domenicali was 2012, and it still finished 60 points behind Red Bull.

Domenicali issued a statement saying he took "responsibility, as I have always done, for our current situation."

"I thank Stefano, 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," said Ferrari's president, Luca di Montezemolo.

Marco Mattiacci (inset) will succeed Domenicali. According to Fox Sports, Mattiacci, who has spent the past several years at the head of Ferrari North America is "highly regarded" within Ferrari, a sentiment echoed by Montezemolo.

"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 take over for Domenicali at the Chinese Grand Prix this weekend.

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    • 1 Second Ago
      Todd Aloia
      • 1 Year Ago
      I doubt this change will really help Ferrari. While I would love to Ross Brawn back at Ferrari, I doubt that will ever happen. Ferrari just needs to go out and get some of the newest and brightest out there. I'm sure you could pry a few away from Red Bull or Mercedes. The Maranello horses will remain penned up for a couple more years until some of the top talent becomes available or Ferrari decides to spend some money and lure them in. Too bad to because it might be fun watching Kimi and Fernando battling for the driver's title.
      • 1 Year Ago
      This article is so inaccurate. Ferrari took the drivers title to the last race in both 2010 and 2012 missing out by a handful on points on both occasions. I call that challenging for a title and would think most people would! Marco has no F1 experience and is a caretaker at best (waiting for Brawn in 2015) or patsy at worst given his threat to Luca himself in the Ferrari hierarchy. Luca putting Marco in charge during 2014 will probably kill his aspirations to take control of Ferrari and take over from Luca as 2014 will likely be a baron year for the reds given the immense dominance of the Mercedes PU. Politics back in Ferrari, or at least on the front cover, i suppose it never really left.
        Brandon Turkus
        • 1 Year Ago
        Ferris, I understand your position. Perhaps I should have been clearer — Ferrari has failed to challenge for a Constructors' championship. They finished a distant third in 2010, 100 points behind Red Bull. In 2012, they finished second, 60 points behind RBR, which captured the Constructors' title in the second to last race of the season. As for Brawn, I doubt he's coming back:
      • 1 Year Ago
      About time too, this guy was responsible for screwing Alonso's title chances in 2010 & 2012 & Ferrari's lack of competitiveness for the past 5 years including the lost oppurtunity for a strong 2014 campaign. Good riddance. Maybe he can work at Ferrari World as the ticket collector...
      Dean Hammond
      • 1 Year Ago
      pretty questionable move if you ask me....Stephano's replacement is a "green pea" for want of better words....and personally, i dont think Stephano should be the fall guy for Ferraris F1 woes.....
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