Ferrari Team Principal, Fred Vasseur, has signed a new long-term contract to remain in charge of the team despite an ongoing winless run in Formula 1 this season.

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.

Ferrari Formula One chief Fred Vasseur has signed a new, multi-year contract extension with the team, putting an end to speculation about his future. Vasseur, 57, took charge of Ferrari at the start of the 2023 season,