Ferrari officially confirms Mattia Binotto’s exit

Ferrari officially confirms Mattia Binotto's exitFerrari confirmed today that Team Principal Mattia Binotto has resigned from his position and that his resignation was accepted.

Ferrari issued a statement on Tuesday confirming what has been circulating in the media for a couple of weeks now, and what we have reported which the Italian team strongly denied, about the exit of their Formula 1 team boss.

With many names being linked to Binotto’s now vacant position, the Scuderia did not name the Swiss-born Italian’s successor for now.

Binotto, attending the season finale in Abu Dhabi was face with his exit rumors, but responded that he was “relaxed” about his future.

However reports about his imminent exit from the fabled F1 team did not go away, and today the moment of truth came and his exit was confirmed.

Scuderia Ferrari Statement

Maranello (Italy), November 29, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it has accepted the resignation of Mattia Binotto who will leave his role as Scuderia Ferrari Team Principal on December 31.

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.”

Mattia 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 process is underway to identify Scuderia Ferrari’s new Team Principal and is expected to be finalised in the new year.

Report in progress…