Italian newspaper Corriere della Sera was the first the report the breaking news and information on today’s top story: Mattia Binotto is ready to resign from his role as Ferrari team principal.
The Italian manager is leaving due to a lack of trust from President John Elkann, with whom the relationship has been cold for a while, according to Corriere della Sera, who adds that Fred Vasseur is the only realistic candidate, due to Seidl saying no.
The official announcement then arrived a few days later:
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.”
The process is underway to identify Scuderia Ferrari’s new Team Principal and is expected to be finalised in the new year.
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