Frederic Vasseur has signed a new multi-year contract that will see him remain as Formula 1 team principal and CEO of Scuderia Ferrari, Afrosport reports.
The 57-year-old Frenchman joined the Italian automobile giant ahead of the 2023 F1 season after five years at Sauber/Alfa Romeo, and challenged for championship in 2024, with Carlos Sainz Jr, now at Williams, and Charles Leclerc, winning a combined five races, while they were on the podium a total of 14 times, finishing just 14 points behind McLaren in the constructors’ championship.
The 2025 season has however not been plain sailing for Ferrari as they are yet to win a race, with Leclerc finishing third on four occasions, including the last race in Belgium, while new driver and seven-time world champion Lewis Hamilton is yet to stand on the podium after 13 races.
This has left the Scuderia 268 points behind McLaren in the constructors’ championship, and they have still found it worthy to commit Vasseur on a long-term basis.
“His ability to lead under pressure, embrace innovation and pursue performance aligns fully with Ferrari’s values and long-term ambitions,” read a team statement.
“Under Fred’s leadership, Ferrari is united, focused and committed to continuous improvement. The trust placed in him reflects the team’s confidence in its strategic direction and reinforces a shared determination to deliver the results that Ferrari’s fans, drivers and team members expect and deserve.”
Vasseur, in his statement, said: “I’m grateful for the trust Ferrari continues to place in me.
“This renewal is not just a confirmation – it’s a challenge to keep progressing, to stay focused and to deliver.
“Over the past 30 months, we’ve laid strong foundations, and now we must build on them with consistency and determination.
“We know what’s expected, and we’re all fully committed to meeting those expectations and taking the next step forward together.”
— Scuderia Ferrari HP (@ScuderiaFerrari) July 31, 2025
Ferrari will be hoping to have a good run at the Hungarian Grand Prix this weekend before going for the mandatory month-long summer break.
