Vasseur, 54, joins Ferrari after spending the past five years with Sauber, who announced the Frenchman’s departure earlier today.
Vasseur will take the place of Binotto, who resigned as head of Ferrari’s F1 operations at the end of last month.
His official role will be that of team principal and general manager, from January 9.
“I am truly delighted and honored to take the helm of Scuderia Ferrari as Team Principal,” Vasseur said.
“As someone who has always had a passion for motorsport, Ferrari has always represented the pinnacle of the racing world to me.
“I look forward to working with the talented and truly passionate team at Maranello to honor the history and heritage of the Scuderia and deliver for our Tifosi around the world.”
“We are delighted to welcome Fred Vasseur to Ferrari as Team Principal,” added Ferrari CEO Benedetto Vigna.
“Throughout his career he has managed to combine his technical strengths as an engineer by training with a consistent ability to bring out the best in his drivers and teams. This approach and his leadership is what we have needed to drive Ferrari forward with renewed energy.”
Reports first emerged from Italy ahead of the F1 season finale in Abu Dhabi that Binotto was set to leave the team and Vasseur would take over.
Vasseur’s arrival is part of Ferrari’s efforts to end an F1 title drought dating back to 2007, after seeing his first challenge at Red Bull this year finally fade in the second half. of the season.
Ferrari will benefit from Vasseur’s long career in motorsport which saw him co-found the ART Grand Prix junior team, which helped Lewis Hamilton, Charles Leclerc, George Russell and Nico Rosberg rise through the ranks.
Ferrari driver Leclerc also made his F1 debut under Vasseur at Sauber in 2018 and said in Bologna last week he liked his management style.
Frédéric Vasseur, Team Principal, Alfa Romeo Racing Press Conference
Photo by: FIA Pool
“I’ve worked with Fred since the junior categories, where he believed in me, and then we’ve always had a good relationship,” said Leclerc.
“But other than that obviously it shouldn’t influence any of the decisions. He was always very direct, very honest. And that’s something I liked about Fred.
While at Sauber, which has raced as Alfa Romeo since 2019, Vasseur helped turn the team around after years of financial strife and uncertainty.
The team enjoyed its best constructors’ result in a decade this year by finishing sixth in the standings, as well as securing a deal to become Audi’s factory F1 operation when it joins the grid in 2026.
