Ferrari team principal Fred Vasseur signs new multi-year contract

Yahoo

7 days ago

Lewis Hamilton's Ferrari boss, Fred Vasseur, has signed a new multi-year deal with the Italian Formula One team.
Vasseur's position has been under scrutiny this season with Ferrari yet to land a single win outside of Hamilton's sprint victory in China in March.
Former Red Bull team principal Christian Horner has even been linked with the job since he was ousted earlier this month.
However, in a statement released ahead of this weekend's Hungarian Grand Prix – the concluding round before the summer break – Ferrari said in a statement: 'Scuderia Ferrari HP is pleased to announce that it has extended, with a multiple-year contract, its agreement with Fred Vasseur, who will continue as team principal for the coming Formula One seasons.
'Fred joined the Scuderia at the beginning of 2023, bringing with him extensive motorsport experience and a proven ability to develop talent and build competitive teams across all levels of racing. Since then, he has laid a solid foundation with the ambition of returning Ferrari to the top of Formula One.
'Renewing Fred's contract reflects Ferrari's determination to build on the foundations laid so far. His ability to lead under pressure, embrace innovation, and pursue performance aligns fully with Ferrari's values and long-term ambitions.
'Under Fred's leadership, Scuderia Ferrari HP is united, focused, and committed to continuous improvement. The trust placed in him reflects the team's confidence in its strategic direction and reinforces a shared determination to deliver the results that Ferrari's fans, drivers, and team members expect and deserve.'
Since his transfer from Mercedes, Hamilton has not landed a grand prix podium in Ferrari colours – a streak of 13 races – the deepest into the season he has ever gone without a top-three finish.
He is sixth in the standings, 157 points off the championship pace and 30 points behind team-mate Charles Leclerc. Ferrari are second in the constructors' standings.
Hamilton said at last week's round in Belgium that he had staged meetings with all of Ferrari's key figures – including chairman John Elkann, CEO Benedetto Vigna and Vasseur – and submitted two documents outlining his vision as to why the Italian giants are not up to speed. Ferrari's last world drivers' title came in 2007, with their most recent constructors' crown the following year.
'Today we want to recognise what has been built and commit to what still needs to be achieved,' said Vigna. 'It reflects our trust in Fred's leadership — a trust rooted in shared ambition, mutual expectations and clear responsibility.
'We move forward with determination and focus, united in our pursuit of the level of performance Ferrari has to aim for.'
Frenchman Vassuer continued: 'I'm grateful for the trust Ferrari continues to place in me. This renewal is not just a confirmation — it's a challenge to keep progressing, to stay focused, and to deliver.
'Over the past 30 months, we've laid strong foundations, and now we must build on them with consistency and determination. We know what's expected, and we're all fully committed to meeting those expectations and taking the next step forward together.'