Ferrari team principal Domenicali resigns

Ferrari team principal Stefano Domenicali handed in his resignation Monday following a poor start to their 2014 Formula 1 season.

Maranello (Italy): Ferrari team principal Stefano Domenicali handed in his resignation on Monday following a poor start to their 2014 Formula 1 season.

"Ferrari notes the resignation of Stefano Domenicali and thanks him for having served the company for 23 years," read a company statement, reports Xinhua. The Italian has been under pressure since drivers Fernando Alonso and Kimi Raikkonen failed to produce a top-3 finish in the opening three races. Domenicali, who replaced Frenchman Jean Todt as team principal Jan 1, 2008, only managed one constructors` title the same year during his reign.