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Ferrari names Vasseur as new team principal
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The 54-year-old replaces Mattia Binotto

Ferrari named on Tuesday Fred Vasseur as the next chief of its Scuderia Ferrari Formula 1 team.

The 54-year-old replaces Mattia Binotto who announced his resignation last month. He will be tasked with rectifying Ferrari’s mistakes in previous seasons and leading the team to compete for Championships next season.

Vasseur, who is currently team principal and CEO of the Sauber F1 team, which races as Alfa Romeo and relies on Ferrari power units, will join the squad on Jan. 9.

“Throughout his career he has successfully combined his technical strengths as a trained engineer with a consistent ability to bring out the best in his drivers and teams,” Benedetto Vigna, Ferrari’s CEO, said in a statement.

“This approach and his leadership are what we need to push Ferrari forward with renewed energy.”

Vasseur has more than 25 years of motorsports experience under his belt, having also briefly led the Renault F1 team in 2016.

He’s also played major roles in Formula E and Formula 2 (previously GP2). In 2022 he led the team to a respectable sixth in the Constructors’ Championship.

Vasseur’s predecessor, Binotto, was a Ferrari insider, having joined the company in 1995 as a powertrain engineer and ultimately becoming the head of the F1 team and Gestione Sportiva motorsports department in 2019.