F1 News: Former Ferrari Team Principal Makes Surprise Career Move Away From Formula 1

Mattia Binotto chose a new career path after his Ferrari exit at the end of 2022.

Former Ferrari Team Principal Mattia Binotto has chosen a career path away from Formula 1 as he joins the Administration Council of Italian company Texa, in charge of the new E-Powertrains program that aims to emerge as a significant supplier of internal components and machinery in the pursuit of electrifying a diverse range of vehicles, spanning from high-performance supercars to everyday trucks.

Key Takeaways:

• Former Ferrari Team Principal Mattia Binotto has shifted from Formula 1 to join Texa, overseeing the E-Powertrains program for vehicle electrification.
• Binotto's move surprised many as he moved away from F1 to a company specializing in diagnostic systems. He is attracted to Texa's strategic project aiming for Italian excellence in advanced technologies for new mobility.
• Texa's CEO, Bruno Vianello, welcomes Binotto's Formula 1 experience, expecting Texa to play a vital role in reviving Italy's technology tradition for sports cars, especially in electric traction.

Rumors suggested that Binotto would be hired by rival F1 teams as team boss. However, his official move from the premier class of motorsport to a company engaged in producing diagnostic systems for cars and trucks has raised several eyebrows. Speaking on the switch in career, the Swiss engineer stated:

“Apart from the agonistic experience, which I have always pursued in my whole life, I was attracted in Texa by the strategical audacity of its project, which aims to build an Italian excellence based on the most advanced technologies for the new mobility.

“Texa, in fact, intends to set themselves as the technological benchmark at a global level. And this will happen thanks to the deployment of great sources of investments and to the interest in securing the best talents in order to concentrate them in Italy, where there is an extraordinary motoristic culture which has to be preserved, renewed and now also relaunched."

CEO and chairman of Texa, Bruno Vianello, was pleased to have a manager from the "world of Formula 1" like Binotto on board the company. He added:

“I’m pleased that a top manager like Mattia, who has gained an extraordinary experience in the world of Formula 1, synonym with top-level technology and competitivity, has chosen to enrich Texa’s team with his empowering contribution.

“With the rest of the team of the E-Powertrain division, which features young and enthusiastic engineers, we aim for an intense development which shall lead us in few years to reach important results in the most precious part of the automotive market.

“It’s a niche in which many great international groups are getting into. Competing with them and facing each other will definitely be enriching. I’m sure Texa will play an important role in relaunching the great Italian tradition of technology for sports cars using the new electric traction, hoping that it could also become a vector for the entire automotive sector in such a particular moment for our Nation."

Keep up with the latest news on YouTube!