Red Bull Racing has made the decision to part ways with Sergio Perez following a series of disappointing performances in Formula 1. The Mexican driver, who last secured a race victory in April 2023, struggled to match the success of his teammate Max Verstappen throughout the season. Despite starting the 2024 season strongly with four podium finishes in the first five races, Perez's form declined, with his last top-three finish dating back to earlier in the year.
Red Bull officially announced the termination of Perez's contract two years ahead of schedule, citing the need for a replacement driver, which will be revealed at a later date. The team expressed gratitude for Perez's contributions, acknowledging the records and milestones they achieved together. Perez, known as 'Checo,' thanked fans worldwide, particularly the Mexican supporters, for their unwavering backing.
