The Chief Executive Officer of Ferrari, Benedetto Vigna, commented on the recent contract extension of Team Principal Frédéric Vasseur during the financial results presentation for the first half of the year. According to Vigna, all previous team principals in the history of Formula 1 have typically required more than three years to successfully implement and complete their long-term plans, and Ferrari is now fully committed to allowing Vasseur that same opportunity.
Benedetto Vigna had previously spoken in cautious and somewhat cryptic terms in the paddock at Silverstone, when speculation and rumors were circulating regarding whether Frédéric Vasseur’s contract—due to expire at the end of the 2025 Formula 1 season—would be renewed. At the time, his words suggested support, but lacked confirmation.
However, after the official announcement released early Thursday morning, which came as something of a surprise to the public and to some members of the Formula 1 media, the Ferrari CEO took the opportunity to clarify the company’s position and the reasoning behind its decision.
“We made the decision to give continuity to our team and to offer our personnel the chance to fully realize the projects they have started,” said Benedetto Vigna during the earnings call presentation for Ferrari’s financial results in the first half of the year. “We have always spoken internally about a contract renewal, which in fact occurred within the expected timeline. What matters is allowing sufficient time to build a solid and competitive team. Historically, every team principal has needed slightly more than three years to fully implement their own vision and strategic project. We have never spoken with or considered any other candidates.”
Ferrari is therefore continuing along its chosen path, confident that the Maranello-based team has laid the foundation for a long-term technical and sporting project under the leadership of Frédéric Vasseur. The clear objective is to become a serious contender for the Formula 1 World Championship title by the 2026 season. That year will mark the introduction of a new set of technical regulations, including a revised engine formula featuring power units powered equally by hybrid systems and internal combustion engines.
Ferrari believes that continuity and stability within its sporting management structure will be key to adapting to these regulatory changes and ensuring a return to championship contention. With Frédéric Vasseur at the helm of Scuderia Ferrari’s racing division—formally known as Gestione Sportiva—the Italian team aims to capitalize on the development work already underway and avoid unnecessary disruptions that could undermine its progress toward future success.
Leave a Reply