FRED VASSEUR APPOINTED SCUDERIA FERRARI TEAM PRINCIPAL  

Rhea-AI Summary

Ferrari has appointed Fred Vasseur as the new Team Principal and General Manager of Scuderia Ferrari, effective January 9, 2023. Vasseur, with over 25 years of experience in motorsport, previously served as CEO and Team Principal of Sauber Motorsport and held a similar role at Renault F1 Team. Ferrari's CEO, Benedetto Vigna, expressed confidence in Vasseur's technical expertise and leadership skills, aiming to revitalize the team's performance. Vasseur has expressed his excitement to honor Ferrari's storied heritage and work with the talented Maranello team.

Positive

• Appointment of Fred Vasseur may enhance team performance with his extensive experience.
• Vasseur's background in nurturing driver talent could benefit Scuderia Ferrari's competitive edge.

Negative

• None.

Maranello (Italy), December 13, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announced that Fred Vasseur will join Scuderia Ferrari on 9 January as Team Principal and General Manager.

Vasseur has over 25 years of winning motor racing experience, commencing in the junior formulas and over the last decade in Formula 1. During this time, he has also been widely acknowledged for his success in fostering leading driver talent, claiming the GP2 series in both 2005 (Nico Rosberg) and 2006 (Lewis Hamilton).

Vasseur has most recently held the position of CEO and Team Principal of Sauber Motorsport (currently Alfa Romeo F1 Team) since 2017. Prior to this he was the Team Principal of Renault F1 Team in 2016.

Commenting on the appointment, Ferrari CEO Benedetto Vigna said: “We are delighted to welcome Fred Vasseur to Ferrari as our Team Principal. Throughout his career he has successfully combined his technical strengths as a trained engineer with a consistent ability to bring out the best in his drivers and teams. This approach and his leadership are what we need to push Ferrari forward with renewed energy.”

Fred Vasseur commented: “I am truly delighted and honoured to take over the leadership of Scuderia Ferrari as Team Principal. As someone who has always held a lifelong passion for motorsport, Ferrari has always represented the very pinnacle of the racing world to me. I look forward to working with the talented and truly passionate team in Maranello to honour the history and heritage of the Scuderia and deliver for our Tifosi around the world”.

Attachment

• CS_Team_Principal_13.12_ENG

FAQ

Who is the new Team Principal of Ferrari?

Fred Vasseur has been appointed as the new Team Principal of Scuderia Ferrari, effective January 9, 2023.

What experience does Fred Vasseur bring to Ferrari?

Fred Vasseur has over 25 years of experience in motorsport, including roles at Sauber Motorsport and Renault F1 Team.

When will Fred Vasseur start his role at Ferrari?

Fred Vasseur will begin his role as Team Principal on January 9, 2023.

What did Ferrari CEO Benedetto Vigna say about Vasseur's appointment?

Vigna expressed delight in Vasseur's appointment, highlighting his technical strengths and leadership qualities.

What is Vasseur's vision for Scuderia Ferrari?

Vasseur aims to honor Ferrari's heritage and deliver results for the Tifosi while leading the Maranello team.