Stefano Domenicali has stepped down as Ferrari team principal following a poor start to the 2014 season.

The new power unit regulations this year offered Ferrari a chance to end Red Bull's dominance, but Mercedes is well clear of the rest of the field and Ferrari has only managed a best result of fourth in Australia; with Fernando Alonso and Raikkonen finishing 9th and 10th respectively in Bahrain. Domenicali has now opted to resign following the poor start to the season, and said he had taken the decision to try and "jolt" the team in to success.

"There are certain moments in the professional life of each of us where it takes courage to make tough decisions," Domenicali said. "It's time to implement a major change.

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"Again, I take responsibility - as I always have - for the situation we are experiencing. It is a choice taken with the desire to do something to give a jolt to our environment and for the sake of this group, which are closely linked. I sincerely thank all the men and women of the team, the drivers and partners for the wonderful relationship we have had in these years.

"I wish you all that you can quickly return to the levels that Ferrari deserves."

Marco Mattiacci - CEO of Ferrari North America - has been named as Domenicali's replacement.
Ferrari has not won a drivers' championship since Kimi Raikkonen in 2007, with its last constructors' title following a year later. Domenicali took on the role of team principal from Jean Todt in 2008 and has seen the team take 20 victories in that time. Alonso missed out on the drivers' championship at the final race of the season in both 2010 and 2012.

Ferrari president Luca di Montezemolo was present at last weekend's Bahrain Grand Prix but left the race early with both cars unable to challenge for the podium, and has since vowed to "leave no stone unturned to get where we need to be.

"We'll work day and night to improve, and we'll take the decisions that we need to take," Montezemolo added.