F1 CEO breaks silence on Mattia Binotto’s resignation

Fred Vasseur is the current favourite to take over the vacant team principal position at Ferrari following Mattia Binotto's resignation.

Ferrari have had a hectic week, first putting out a statement of support for their under-fire team principal Mattia Binotto, only for the Swiss to resign days later.

The team looked like the team to beat in the first half of the season before a catalogue of communication errors and reliability issues saw Max Verstappen and Red Bull run away with both championships.

The Scuderia survived a late scare from Mercedes, as the Silver Arrows enjoyed an upturn in form towards the tail end of the season, and were a stronger result in Abu Dhabi away from completing the ultimate embarrassment of overtaking Ferrari at the final hurdle.

Ferrari’s major shortcomings this season were mainly a result of errors by the team, which led to Binotto facing a lot of pressure from fans to lose his job, and despite claiming only days ago that he was relaxed about his future, the team have now announced that they have accepted the resignation of their team principal.

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Stefano Domenicali, who was Ferrari’s team principal between 2008 and 2014, has now shared his views on Ferrari’s situation, with the Formula One CEO believing that Binotto had failed to live up to the Scuderia’s expectations.

“When you are second with Ferrari, it is something that is not enough,” claimed Domenicali.

“I don’t want to get into the dynamics of the team, but for sure the only thing that they will want to wish him is the best for his future.”

Binotto has already been linked with roles at both Mercedes and Audi, while Fred Vasseur has emerged as the favoured candidate to become the Ferrari boss.

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Domenicali has wish both parties the best after they go their separate ways and the end of the calendar year, issuing some words of encouragement to Binotto.

“I want to wish him to stay focused and to believe in himself, and of course on the other hand I really hope Ferrari will find the right solution to stay on track.”

Binotto came up through the ranks at Ferrari before being promoted to the team principal role in 2019, but it is believed that the team would like a clean slate for 2023, so are unlikely to promote from within as they search for their next boss.