Ferrari F1 team principal to replace Marotta as Juventus CEO: Reports

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Maurizio Arrivabene is reportedly stepping down from his position as the team principal of Scuderia Ferrari F1 team to join Italian football giants Juventus.

According to various Italian media reports, the 61-year-old Italian is quitting motorsport to replace Giuseppe Marotta as the chief executive of Serie A Champions club.

Marotta, in a statement on the club’s website, has also confirmed that he is stepping down as his ‘mandate’ had come to an end. Marotta’s current contract expires on October 25 after serving the club for nine years.

Arrivabene is already an independent board member of Juventus since 2012. He is now said to be on the verge of joining Italy’s most successful club at the helm. The Turin-based team hav3 won 34 domestic titles.

Arrivabene’s decision to leave Ferrari, according to reports, comes after he was irked with teams recent strategy. The Italian is thought to have wanted to retain the services of Finnish veteran Kimi Raikkonen alongside Sebastian Vettel ahead of the 2019 season.

However, Raikkonen has moved to Sauber, with Monaco-born 20-year-old Charles Leclerc moving the other way.

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Marotta first joined the Bianconeri in the 2010-11 season as the director of sport appointed then by newly elected club’s president Andrea Agnelli.

Agnelli, while speaking to the media at the recently concluded Lega Assembly, hinted at the club’s restructuring at the top level:

“The club’s management model remains substantially unchanged. There is a Board of Directors that manages the club through a system of delegated powers, which will be assigned when the new Board is established after the Shareholders’ Meeting on 25 October.”

“Juventus’ management model, from the moment of my arrival up until today, has always been the same and is based on three pillars: at the centre, there is naturally the sport, then there are the revenues and services. From this standpoint, there will be no changes.”

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“Instead, the people heading up these pillars will change. Fabio Paratici will be the Head of the Sports Area, Giorgio Ricci will assume the role of Chief Revenue Officer and Marco Re will be responsible for the services, i.e. Finance, Human Resources, Technological Services and Purchases.”

“They are professionals who are 45 years old on average and who are ready and prepared to take on the above responsibilities, thanks also to the extraordinary work done in the last eight years by Giuseppe Marotta and Aldo Mazzia, which has enabled the growth of these young managers, who now face ambitious challenges, equal, if not higher, than those of 2010, when we assumed the management of the club.”

“We must be ready to face the global challenges and be able to compete with teams that are slightly ahead of us in terms of revenue, remaining a benchmark for football around the world. Looking forward, we have six years of well-defined national and international competitions.”

“We know well that Juventus’ management model derives from on-pitch matters, but equally importantly, alongside the Sports Area, are the revenues and services. I would like to underline how the management model which Juventus will adopt, will be completely consistent with the recent past.”


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