Ferrari team principal Vasseur signs new contract

Frederic Vasseur has accepted a new agreement to remain the team’s principal through the end of the year.

The 57-year-old Frenchman had agreed to a “multi-year contract for the coming Formula 1 seasons,” but his deal was scheduled to expire at the end of 2025.

Vasseur signed a three-year contract with the organization at the beginning of 2023.

Benedetto Vigna, the company’s CEO, stated: “We want to acknowledge what has been built and commit to the progress that needs to be made.”

Our confidence in Fred’s leadership is reflected in its mutual respect for shared ambition, expectations, and responsibility.

“We move forward with tenacity and tenacity, united in our pursuit of Ferrari’s desired level of performance.”

“For the trust Ferrari continues to place in me,” Vasseur said. This renewal is more than just a confirmation; it is also a challenge to maintain focus, deliver, and keep making progress.

We’ve laid solid foundations for the past 30 months, and we need to continue building on them with tenacity and tenacity.

Following the initial setback this year that he had caused, the decision is seen as an expression of faith in Vasseur’s leadership.

Following a 2022 season in which the team started off as the fastest on the grid but struggled to maintain its title challenge as a result of poor reliability, stuttering car development, and operational issues, Vasseur was appointed.

Vasseur led a turnaround that made Ferrari the only team to win a race with Carlos Sainz in Singapore at the beginning of the 2023 season.

After a slow start, they did well in the second half of the season and surprisingly missed out on McLaren’s constructors’ title.

Ferrari would have won since 2008, McLaren’s first triumph since 1998.

Vasseur’s involvement in Ferrari’s signing of seven-time world champion Lewis Hamilton will help them add Charles Leclerc to their driver line-up starting this season.

Ferrari have struggled this season, despite the fact that they were hoping to advance and contend for both titles in 2025.

Hamilton, who is in pole position for the second race of the season, won the sprint race in China.

Leclerc finished in second place in Monaco with five, which is his best effort.

Ferrari leads Mercedes in third place, 268 points behind McLaren, and 268 behind McLaren in second place.