Ex-Ferrari principal Maurizio Arrivabene named Juventus CEO06/30/2021
Juventus Football Club have drafted in former Ferrari F1 team boss Maurizio Arrivabene as their top executive.
Arrivabene served as principal of the Ferrari team from 2014-2019 before he was replaced by current team boss Mattia Binotto.
Since 2012 though Arrivabene had been an independent board member of Juventus FC, and with the club now looking to stabalise its finances following the effects of the global pandemic, Arrivabene has been named as the chief executive and will oversee “all of the football business and any related powers”.
Arrivabene will reportedly focus heavily on boosting the club’s sales.
The Board of Directors have analysed the impact of the Covid-19 pandemic on the three years 2019/22 and defined the guidelines for a capital increase. Maurizio Arrivabene to oversee the Football Area.
— JuventusFC (@juventusfcen) June 30, 2021
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His exit from Ferrari back following the conclusion of the 2018 season did come with some controversy amid talk of disagreements going on within the team, though Ferrari president John Elkann denied such rumours at the time.
“The appointment of Mattia Binotto to Scuderia Ferrari’s Team Principal does not represent a “reversal” in sports management and does not arise from alleged disagreements within the team,” Elkann previously wrote in the Italian publication Gazzetta dello Sport.
“On the contrary, it is a decision decided by the Company in agreement with Maurizio Arrivabene, who in the four years of commitment in that position has worked tirelessly to bring the Scuderia back to the levels of competitiveness it deserves.”
The 2017 and 2018 seasons saw Ferrari rise to the status of title challengers, though in both they would lose out to Mercedes in the fight for the Drivers’ and Constructors’ titles.
But since Arrivabene’s departure Ferrari’s fortunes have not improved.
2019 saw a brief spell of leading form until a technical directive relating to engines coincided with Ferrari’s quick decline, while 2020 then saw the team slip back into the lower reaches of the midfield pack.
Fortunately 2021 has been a more positive campaign, with Ferrari claiming a P2 finish in Monaco via Carlos Sainz as they battle with McLaren for P3 in the Constructors’ Championship.
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