Ferrari said Tuesday that Mattia
Binotto had resigned as the team principal of its Formula One
team and would leave the position at the end of the year.
After working his way up within Ferrari, Binotto replaced
Maurizio Arrivabene to take the helm in 2019.
But his arrival failed to end the Italian glamour team's long
run without a title victory.
Ferrari made a strong start to the 2022 campaign but quickly
faded and came a distant second in both the drivers' and
constructors' championships, with Charles Leclerc finishing 146
points behind Red Bull's world champion Max Verstappen.
"With the regret that this entails, I have decided to conclude
my collaboration with Ferrari," Binotto, 53, said in a
statement.
"I am leaving a company that I love, which I have been part of
for 28 years, with the serenity that comes from the conviction
that I have made every effort to achieve the objectives set.
"I leave a united and growing team. A strong team, ready, I'm
sure, to achieve the highest goals, to which I wish all the best
for the future.
"I think it is right to take this step at this time as hard as
this decision has been for me".
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