Sergio Perez has agreed a two-year contract extension with Red Bull until 2024 after winning the Monaco Grand Prix.
A first race victory of the season for the Mexican put him just 15 points behind world championship leader Max Verstappen after seven grands prix of the 2022 Formula One campaign.
He said: “For me, this has been an incredible week, winning the Monaco Grand Prix is a dream for any driver and then to follow that with announcing I will continue with the team until 2024 just makes me extremely happy.
“I am so proud to be a member of this team and I feel completely at home here now. We are working very well together and my relationship with Max, on and off the track, is definitely helping drive us forward even more.
“We have built tremendous momentum as a team and this season is showing that, I am excited to see where that can take us all in the future.”
Perez was considered an instrumental team player in helping Verstappen secure last year’s title and he agreed to Red Bull team orders to cede any chance of a win in Barcelona last week to the Dutchman. Now, they face a task in balancing the pair’s ambitions.
Team principal Christian Horner said: “Since joining Red Bull, Checo has done a fantastic job. Time and again he has proved himself to not only be a magnificent team player but as his level of comfort has grown he has become a real force to be reckoned with at the sharp end of the grid.
“This year he has taken another step and the gap to world champion Max has closed significantly, evidenced by his superb pole position in Jeddah earlier this year and by his wonderful win in Monaco just last weekend.
“For us, holding onto his pace, race craft and experience was a no-brainer and we are delighted that Checo will continue to race for the team until 2024. In partnership with Max we believe we have a driver pairing that can bring us the biggest prizes in F1.”
