Ferrari Chairman John Elkann Details Fred Vasseur’s New Multi-Year Contract

Ferrari’s commitment to stability sealed with Fred Vasseur’s new multi-year contract, announced just before the Hungarian Grand Prix. This pivotal decision ends speculation about leadership changes, reinforcing the team’s long-term vision in Formula 1.

Chairman John Elkann underscored the importance of continuity for future success, highlighting a “very strong relationship” with Vasseur. This move signifies a strategic commitment to a unified leadership, essential for navigating the complexities of modern F1.

Vasseur, who took the helm in 2023, steered Ferrari through a formidable 2024 Constructors’ Championship battle. Despite McLaren ultimately clinching the title at the Abu Dhabi Grand Prix, Vasseur’s leadership demonstrated resilience.

Italian media had previously fueled rumors of Vasseur facing job pressure, even linking Ferrari with figures like former Red Bull Team Principal Christian Horner. The new multi-year deal decisively quashes these persistent reports regarding the Ferrari Team Principal.

With the monumental F1 2026 regulatory reset on the horizon, Vasseur’s continued leadership is crucial. Elkann’s explanation of the decision emphasizes the necessity of stability during this transformative period for Formula 1 teams, securing the Motorsport future.

Ferrari enters the Hungarian Grand Prix with renewed confidence, bolstered by recent performances. Charles Leclerc’s four podium finishes in the last six races, coupled with a promising rear-suspension upgrade at Spa, indicate positive momentum for the Scuderia.

The decision to retain faith in Fred Vasseur has garnered strong support from within the team, notably from star driver Lewis Hamilton. Hamilton praised Vasseur’s “incredible vision” and underlined the vital role of stability in a passionate environment like Ferrari.

In a sport known for high turnover among team principals—only one has held their post since before 2020—Vasseur’s extended tenure represents a significant deviation from the norm. This commitment allows Ferrari the time needed to build a successful and cohesive Formula 1 operation for years to come.

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