Mattia Binotto, the former Ferrari F1 team principal, has taken a surprising career turn by joining TEXA, an Italian company specializing in diagnostics and electric powertrain development.
Binotto’s new endeavor signals a move away from Formula 1, marking a new chapter focused on electric mobility.
Binotto's resignation from Ferrari at the end of the 2022 season was shrouded in speculation, with rumors suggesting his departure was due to performance concerns.
The Swiss-born Italian was replaced by then Sauber Alfa Romeo team principal Fred Vasseur.
Binotto’s extensive F1 experience, particularly in technical leadership, made him an attractive prospect for other teams. However, TEXA's offer presented a unique opportunity to leverage his expertise in a rapidly evolving sector.
As managing director of TEXA's E-Powertrain division, Binotto will spearhead the development and production of electric components for high-performance sports cars and other vehicles.
This aligns with his passion for engineering excellence and innovation, while allowing him to contribute to a more sustainable future.
“Beyond the competitive experience that I have always had in my life, what attracted me to TEXA was the strategic audacity of its project to build Italian excellence characterised by the most advanced technologies of new mobility,” commented Binotto.
“In fact, TEXA intends to establish itself as the reference technological standard on a global level.
“And this thanks to the mobilisation of huge investment resources and the attraction of the best talents to be concentrated in Italy, that is, where there is a formidable motoring culture to be preserved, renewed and now also relaunched.”
TEXA founder Bruno Vianello added: “I am happy that a top manager like Mattia, who has gained extraordinary experience in the world of Formula 1, synonymous with very high technology and competitiveness, has chosen to enrich the TEXA team with his driving contribution.
“Together with the rest of the e-Powertrain division team, made up of young and enthusiastic engineers, we are aiming for intense development that will lead us to achieve important and significant results in the most valuable segment of the automotive market in just a few years.
“This is a niche in which large international groups have already entered. The competition and comparison with them will certainly be stimulating.”
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