Italian steps down following Ferrari 's disappointing start to 2014 F1 season . `` It is time for a significant change . " The team has been struggling since the beginning of last year and it was clear that they were not going anywhere this year. Ferrari president Luca Di Montezemolo thanks ( CNN ) -- Stefano Domenicali has resigned as team principal of the Ferrari F1 team following a poor start to the 2014 Formula One season . 48-year-old for `` constant dedication and effort '' Marco Mattiacci , currently President and CEO of Ferrari North America , to take over as team boss .
Italian steps down following Ferrari 's disappointing start to 2014 F1 season . `` It is time for a significant change . " The team has been struggling since the beginning of last year and it was clear that they were not going anywhere this year. Ferrari president Luca Di Montezemolo thanks 48-year-old for `` constant dedication and effort '' Marco Mattiacci , currently President and CEO of Ferrari North America , to take over as team boss .