Ferrari Formula One team principal Marco Mattiacci talks on the phone in the paddock at the Hungaroring circuit, near Budapest, July 24, 2014.  [Photo/Agencies]

ROME - Maurizio Arrivabene has been appoinated as Ferrari's new team principal to replace Marco Mattiacci, the Italian Formula One team announced on Monday.

Mattiacci took the position as principal in April this year, taking over from Stefano Domenicali.

Ferrari completed a first winless season since 1993 and finished fourth in the constructors' championship behind Mercedes, Red Bull and Williams.