Mattia Binotto resigns as Ferrari team principal

After weeks of speculations regarding his future, Ferrari announced on Tuesday that it has accepted Mattia Binotto's decision to resign from the position of company's team principal. The firm also confirmed that Binotto will remain with Ferrari till December 31.

By Reetika Bhatt | on November 29, 2022 Follow us on Autox Google News

Binotto will officially leave his position on December 31, 2022.

At the end of this year, Mattia Binotto will step down from his position as Ferrari's team principal. The search for a replacement was underway, according to a statement released by Ferrari on Tuesday. 'With the regret that this entails, I have decided to conclude my collaboration with Ferrari,' said Binotto, who has been a member of the Ferrari team since 1995.

Ferrari won two of the first three races this year, becoming a clear favourite for the championship, but their campaign quickly waned. Only three more victories for Binotto's squad allowed Max Verstappen and Red Bull to claim the title. A sequence of tactical errors and reliability problems caused the team's hopes for the season to come crashing down, raising concerns about whether the management group needed to be reconstituted.

Mattia Binotto further remarked, 'I am leaving a company that I love, which I have been part of for 28 years, with the serenity that comes from the conviction 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, for which I wish the team 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.'

Commenting on Binotto's resignation, Ferrari CEO, Benedetto Vigna said, '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.'

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Tags: Ferrari Mattia Binotto

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