Fred Vasseur Continues With Scuderia Ferrari hp

Rhea-AI Summary

Ferrari (NYSE:RACE) has announced a multi-year contract extension for Fred Vasseur as Team Principal of Scuderia Ferrari HP. Vasseur, who joined the team in early 2023, will continue leading Ferrari's Formula 1 operations for the coming seasons.

The renewal reflects Ferrari's confidence in Vasseur's leadership and strategic direction. Since joining, Vasseur has focused on building strong foundations and fostering a united team environment. CEO Benedetto Vigna emphasized the company's trust in Vasseur's leadership, while Vasseur expressed commitment to delivering the expected performance levels and building upon the progress made over the past 30 months.

Positive

• Continuity in leadership with multi-year contract extension
• Strong foundation built over past 30 months under Vasseur's leadership
• United team environment and clear strategic direction

Negative

• None.

Maranello (Italy), July 31, 2025 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that Ferrari S.p.A. has extended, with a multiple-year contract, its agreement with Fred Vasseur, who will continue as Team Principal of Scuderia Ferrari HP for the coming Formula 1 seasons.

Fred joined the Scuderia at the beginning of 2023, bringing with him extensive motorsport experience and a proven ability to develop talent and build competitive teams across all levels of racing. Since then, he has laid a solid foundation with the ambition of returning Ferrari to the top of Formula 1.

Renewing Fred’s contract reflects our determination to build on the foundations laid so far. His ability to lead under pressure, embrace innovation, and pursue performance aligns fully with Ferrari’s values and long-term ambitions.

Under Fred’s leadership, Scuderia Ferrari HP 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.

Benedetto Vigna, CEO Ferrari:
“Today we want to recognize what has been built and commit to what still needs to be achieved. It reflects our trust in Fred’s leadership — a trust rooted in shared ambition, mutual expectations and clear responsibility. We move forward with determination and focus, united in our pursuit of the level of performance Ferrari has to aim for.”

Fred Vasseur, Team Principal Scuderia Ferrari HP:
“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.”

Attachment

• PR_Renewal_Jul31st_ENG

FAQ

When did Fred Vasseur join Ferrari (NYSE:RACE) as Team Principal?

Fred Vasseur joined Scuderia Ferrari HP at the beginning of 2023 as Team Principal.

How long is Fred Vasseur's new contract with Ferrari (NYSE:RACE)?

Ferrari has extended Vasseur's contract for multiple years, though the specific duration was not disclosed in the announcement.

What has Fred Vasseur achieved since joining Ferrari (NYSE:RACE)?

Since joining Ferrari, Vasseur has laid solid foundations for the team, fostered unity, and implemented a strategic direction focused on returning Ferrari to the top of Formula 1.

Who announced Fred Vasseur's contract renewal at Ferrari (NYSE:RACE)?

The renewal was announced by Ferrari, with CEO Benedetto Vigna commenting on the trust placed in Vasseur's leadership and their shared ambitions.