Formula One

 
              === Ferrari F1 team principal Domenicali resigns ===
 
 Maranello, Italy (SportsNetwork.com) - Stefano Domenicali stepped down as team
 principal  of Ferrari  on  Monday,  following a  disappointing  start to  2014
 Formula One season.
 
 With  three  races completed,  Ferrari has  yet to score  a podium finish this
 season.  Fernando  Alonso finished  fourth in both  Australia and Malaysia and
 then  ninth in Bahrain, while Kimi Raikkonen has placed no better than seventh
 this  year.  Both drivers are former  F1 world champions. Ferrari has been the
 most successful team in the sport, winning 16 constructors' championships.
 
 Ferrari  announced that  Marco Mattiacci,  the  current president  and CEO  of
 Ferrari  North  America, will replace  Domenicali as team principal, effective
 immediately.
 
 "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," Ferrari president
 Luca  di  Montezemolo said in a  team statement. "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."
 
 Domenicali,  48, joined Ferrari in 1991, and after a series of promotions with
 the Italian team, he was appointed sporting director in 2003. He replaced Jean
 Todt  as Ferrari's team  principal prior to the start of the 2008 season. Todt
 is  now  the president  of the International  Automobile Federation (FIA), the
 governing body of F1.
 
 "There  are  special moments that  come along in everyone's professional life,
 when  one needs  courage  to  take difficult  and  very agonizing  decisions,"
 Domenicali  said.  "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."
 
 Ferrari  has not won a constructors' title since 2008. Raikkonen gave the team
 its last drivers' championship in 2007.
 
 04/14 10:37:46 ET

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