Ferrari have confirmed the resignation of team principal, Mattia Binotto, where he will leave his post as team boss at the end of the year, after four years in charge.
Binotto originally joined the Scuderia in 1995, and took over the team in 2019, where he faced an up-hill battle in the 2020 and 2021 championships, before emerging as a front runner at the start of last season, where Ferrari claimed a 1-2 finish in Bahrain for the season opener.
However, through unreliability, strategy mix-ups and driver error, their early-season success was derailed and brought on initial reports in the Italian media of a possible structural change.
Commenting on his resignation, Binotto, said: “With the regret that this entails, I have decided to conclude my collaboration with Ferrari.”
“I am leaving a company that I love, which I have been part of for 28 years, with the serenity that comes from the conviction that I have made every effort to achieve the objectives set.
“I leave a united and growing team. A strong team, ready, I’m sure, to achieve the highest goals, to which I wish all the best for the future. I think it is right to take this step at this time as hard as this decision has been for me.
“I would like to thank all the people at the Gestione Sportiva who have shared this journey with me, made up of difficulties but also of great satisfaction,” he said.
Ferrari CEO, Benedetto Vigna, added: “I would like to thank Mattia for his many great contributions over 28 years with Ferrari and particularly for leading the team back to a position of competitiveness during this past year.”
“As a result, we are in a strong position to renew our challenge, above all for our amazing fans around the world, to win the ultimate prize in motorsport,” he said.
Additionally, according to several reports, current Alpha Romeo team principal, Frédéric Vasseur, is the likely candidate to takeover, however, Ferrari said an announcement on Binotto’s replacement will not be made until next year.
The announcement comes after several US broadcasting records were broken throughout the 2022 Formula 1 season.
