Wolff: Arrivabene will bring his new bosses up to speed

Wolff describes the Italo-Canadian executive as a larger than life character who gave a great deal to Maranello during his spell at the helm of the Italian marque.

In an interview with Gazzetta dello Sport, Wolff said,"Marchionne gave a lot to Maranello. His death is a big loss. He has the most powerful voice in meetings, in the strategy group and in negotiations. It is impossible to replace him."

But it did not take long for Ferrari to replace Marchionne, with Agnelli heir John Elkann taking the helm as chairman and new CEO Louis Camilleri.

But Wolff believes the transition of power will be smooth not only for the team but also for future talks with regards to the path forward for Formula 1 in the Liberty Media era, "Maurizio [Arrivabene] remains our sparring partner."

"Maurizio and Mattia [Binotto] and the whole group want to make sure that the Formula 1 team is guaranteed to continue as in the past."

"Maurizio was in most of the talks and represents the team in the strategy group, therefore, he will be up to speed quickly. But of course, there was only one Sergio Marchionne."

"Maurizio will provide the new man with a lot of knowledge and information, so I think he will catch up very quickly," concluded Wolff.