P1racenews AI automatic summary:
Christian Horner has officially departed Red Bull as Red Bull GmbH boss Oliver Mintzlaff issued a statement.
Red Bull GmbH issued an official statement regarding Christian Horner’s formal departure from Red Bull Racing, announcing his dismissal as team principal and CEO on July 9th.
Horner will remain employed by Red Bull, but has been relieved of his F1 operational duties.
A severance package, reportedly valued at €60 million for his work with Red Bull Racing, has been negotiated between Horner’s lawyers and Red Bull GmbH.
Horner has agreed to a nine-month gardening leave starting from July 9th, allowing him to potentially join another team from April 9th, 2026.
Red Bull CEO of corporate projects Oliver Mintzlaff expressed gratitude towards Horner for his two-decade contribution, praising his dedication, expertise, and role in shaping Red Bull Racing into a successful Formula 1 team.
Mintzlaff oversees Red Bull’s sporting initiatives, which include Red Bull Racing and Racing Bulls, while there was no statement from motorsport advisor Helmut Marko regarding Horner’s departure.
