Ashley Judd Splits from Husband Dario Franchitti

Ashley Judd, Dario Franchitti Split
Dario Franchitti and Ashley Judd
Nick Laham/Getty

01/29/2013 AT 08:05 PM EST

Ashley Judd and Dario Franchitti are splitting after more than a decade of marriage.

"We have mutually decided to end our marriage. We'll always be family and continue to cherish our relationship based on the special love, integrity, and respect we have always enjoyed," Judd, 44, and Franchitti, 39, tell PEOPLE exclusively in a statement on Tuesday.

After being engaged for about two years, the Missing star and the racecar driver tied the knot in a highly private ceremony in Scotland in 2001.

Judd's sister, Wynonna Judd, served as maid of honor, while the groom's brother Marino was the best man.

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