The tenure of Frederic Vasseur as Group Principal at Ferrari has come below growing stress in current weeks, as Italian media have speculated that he’s on the verge of being fired by the Components 1 group.
Ferrari put that hypothesis to relaxation on Thursday, asserting a “multiple-year contract” extension for the Ferrari boss.
Vasseur joined the group forward of the 2023 season, a 12 months that noticed the group end third within the Constructors’ Championship standings, simply three factors behind Mercedes. They completed second a season in the past, 12 factors behind McLaren in a season-long combat that went right down to the ultimate laps of the Abu Dhabi Grand Prix.
With Lewis Hamilton becoming a member of the group for the 2025 marketing campaign, expectations have been excessive in Maranello. Nevertheless, Ferrari began out slowly this 12 months, resulting in hypothesis over Vasseur’s tenure. However that hypothesis was put to relaxation right now.
“In the present day we need to acknowledge what has been constructed and decide to what nonetheless must be achieved,” stated Benedetto Vigna, CEO of Ferrari. “It displays our belief in Fred’s management — a belief rooted in shared ambition, mutual expectations and clear duty. We transfer ahead with dedication and focus, united in our pursuit of the extent of efficiency Ferrari has to goal for.”
“I’m grateful for the belief Ferrari continues to position in me,” added Vasseur. This renewal isn’t just a affirmation — it’s a problem to maintain progressing, to remain targeted, and to ship. Over the previous 30 months, we’ve laid sturdy foundations, and now we should construct on them with consistency and dedication. We all know what’s anticipated, and we’re all absolutely dedicated to assembly these expectations and taking the subsequent step ahead collectively.”
The announcement comes simply forward of the Hungarian Grand Prix, the final race earlier than F1’s annual summer season shutdown.
