Ferrari announced on Tuesday that Formula One Team Principal Mattia Binotto has resigned from the company affective December 31, 2022.

The Italian took over the role of Team Principal in 2019, replacing Maurizio Arrivabene.

Scuderia Ferrari ended the 2022 Formula One season in second place in the Constructors championship.

Speaking about Binotto’s departure, Ferrari CEO Benedetto Vigna commented:

“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. Everyone here at the Scuderia and in the wider Ferrari community wishes Mattia well for the future.”

Binotto’s departure comes following 28 years after he joined the Prancing Horse and speaking following his departure, 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 convinction 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.”

The Italian team Has already begun the search for Binotto’s replacement with strong speculation linking Alfa Romeo F1 Team Principal and CEO Frédéric Vasseur to the vacancy.

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