Former Ferrari Team boss Mattia Binotto has decided to exit motorsport to become the head of TEXA’s E-Powertrain division amid links to several F1 teams.
Mattia Binotto has been signed by TEXA to join their E-Powertrain division, ruling the former Ferrari team principal out of consideration to join any interested Formula 1 teams after.
Binotto started working at Scuderia Ferrari in 1995 with his first role in the engine department and rose through the ranks eventually becoming head of the division before assuming the position of chief technical officer and team principal in 2019.
Binotto left Ferrari in 2022 and was replaced by Fred Vasseur at the end of the season but the Lausanne born engineer has been linked to several Formula One teams in recent months, most notably the Sauber-led team that will transform to Audi’s works team in 2026.
The Italian has now succeeded in landing a new role as managing director of TEXA S.p.A. His tasks include strategically coordinating the company’s ambitious E-Powertrain operation so as to establish the division as a globally recognized power.
He has also joined the board of directors as the auto, motorbike, and truck diagnostics company looks to become a premier producer and supplier of parts for electrified vehicles under Binotto’s direction.
“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 characterized by the most advanced technologies new mobility,” Binotto said, speaking of his new job in a very different environment.
“In fact, TEXA intends to establish itself as the reference technological standard on a global level.
“And this thanks to the mobilization 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.”
