logo
Red Bull fires team principal Christian Horner after 20-year F1 union

Red Bull fires team principal Christian Horner after 20-year F1 union

Yahoo8 hours ago
Christian Horner started his run as CEO and team principal of Red Bull Racing in 2005. File Photo by Greg Nash/UPI
July 9 (UPI) -- Red Bull Racing fired CEO and team principal Christian Horner, immediately ending his 20-year tenure, the Formula 1 team announced Wednesday.
"Red Bull has released Christian Horner from his operational duties with effect from today and has appointed Laurent Mekies as CEO of Red Bull Racing," a Red Bull spokesperson said.
Advertisement
Horner, 51, started his run as head of Red Bull Racing in 2005. Red Bull won six constructors' championships and eight drivers championships during his two-decade tenure. Drivers Sebastian Vettel and Max Verstappen were responsible for four titles apiece.
Horner's run included 124 victories and 287 podium finishes.
"We would like to thank Christian Horner for his exceptional work over the last 20 years," Red Bull CEO of corporate projects and investments Oliver Mintzlaff said.
Red Bull Racing finished inside the Top 3 of the constructor's standings 15 times over the last 16 years, but sits in fourth this season behind McLaren, Ferrari and Mercedes. File Photo by Greg Nash/UPI
"With his tireless commitment, experience, expertise and innovative thinking, he has been instrumental in establishing Red Bull Racing as one of the most successful and attractive teams in Formula 1.
Advertisement
"Thank you for everything, Christian, and you will forever remain an important part of our team history."
Red Bull Racing won six constructors' championships and eight drivers championships during Christian Horner 20-year tenure as team principal and CEO. File Photo by Shawn Thew/UPI
Red Bull Racing struggled to reach the podium in recent races under former team principal and CEO Christian Horner. File Photo by Greg Nash/UPI
Mekies was previously the head of Racing Bulls. Alan Permane, the racing director of the sister team, was promoted to replace Mekies as Racing Bulls team principal.
"The last year and a half has been an absolute privilege to lead the team with Peter Bayer [Racing Bulls CEO]," Mekies said. "It has been an amazing adventure to contribute to the birth of Racing Bulls together with all our talented people. The spirit of the whole team is incredible, and I strongly believe that this is just the beginning.
Advertisement
"Alan is the perfect man to take over now and continue our path. He knows the team inside out and has always been an important pillar of our early successes."
Red Bull sits in fourth place in the driver standings, behind McLaren, Ferrari and Mercedes. Verstappen -- winner of four-consecutive championships -- is third in the 2025 driver's standings, behind McLaren's Oscar Piastri and Lando Norris. Red Bull's Yuk Tsunoda sits in 17th.
Red Bull reached the podium just once over the last five races, with Verstappen placing second at the June 15th Canadian Grand Prix. Verstappen reached the podium in four of the first seven races this season. He placed fifth in Sunday's British Grand Prix. Tsunoda placed 15th.
Drivers will compete in the Belgian Grand Prix on July 27 in Stavelot.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Penrith housing development clears 'nutrient neutrality' hurdle
Penrith housing development clears 'nutrient neutrality' hurdle

Yahoo

time42 minutes ago

  • Yahoo

Penrith housing development clears 'nutrient neutrality' hurdle

Story Homes and Burnetts Solicitors have secured approval for 194 new homes at The Fairways in Penrith, overcoming delays caused by nutrient neutrality requirements. The development is the first in Cumbria to secure planning permission with an associated agreement detailing the Government's Nutrient Neutrality Mitigation Scheme for housing. Robbie Mather, partner and head of commercial property at Burnetts, said: "Development in certain parts of Cumbria has stalled and there is a real need to provide all types of housing. "We have been working hard to raise concerns regarding the impact of nutrient neutrality with local councils. "I am pleased to have assisted Story Homes getting this site secured and hope this is the first of many – as there is certainly some catching up to do for housing delivery within the county." Nutrient neutrality rules require that developments do not increase nutrient pollution in nearby water catchments, particularly in areas with protected habitats already in 'unfavourable condition'. The regulations have caused significant delays to planning applications across the region. Adam McNally, senior land and planning manager for Cumbria and south west Scotland at Story Homes, praised the legal support that helped unlock the project. He said: "Burnetts provided an attentive, on-point service in the resolution of our site's highly complex planning legal agreements, which were a first of their kind for volume housebuilding involving cross local authority legal coordination. "Special thanks to Robbie for getting this over the line and enabling our start on site." A development is considered nutrient neutral when it does not add additional nutrient pollution to the environment, typically through wastewater or surface water runoff. This is achieved by designing and implementing mitigation measures as part of the development, allowing housing to proceed without harming protected habitats. The Fairways scheme is seen as a potential model for unlocking other stalled developments in Cumbria and addressing the region's housing needs.

Where to get the cheapest fuel in Blackburn and Burnley this week
Where to get the cheapest fuel in Blackburn and Burnley this week

Yahoo

time42 minutes ago

  • Yahoo

Where to get the cheapest fuel in Blackburn and Burnley this week

To help you get the best deal on your petrol or diesel, we've compiled a list of the cheapest garages in Blackburn and Burnley this week, according to Petrol prices get their information direct from garages and from users. These prices may not be the most up-to-date at the time of reading, but are correct at the time of writing based on the information available. Texaco Manchester Road (Highshot Haslengden Service Station) 124.9p Gulf Burnley (Accrington Road Service Station) 124.9p Texaco Blackburn Road (Haslingden Service Station) 125.9p BP Rossendale (Star Garage) 125.9p Tesco Haslingden 126.9p Tesco Rawtenstall 126.9p Texaco Bacup Road (Sandy Bank Garage) 127.9p EG On The Move Burnley (Barracks Service Station) 128.9p EG On The Move Blackburn Road (Sharples Services) 128.9p Shell Trafalgar Street (Kitchens Service Station) 128.9p Texaco Manchester Road (Highshot Haslengden Service Station) 130.9p Texaco Blackburn Road (Haslingden Service Station) 131.9p Tesco Haslingden 132.9p Tesco Rawtenstall 132.9p Gulf Burnley (Accrington Road Service Station) 133.9p BP Rossendale (Star Garage) 134.9p Shell Trafalgar Street (Kitchens Service Station) 134.9p Asda Blackburn Automat 135.9p Tesco Blackburn 135.9p Texaco Tottenham Road (Tottenham Road Garage) 136.9p For the latest information, go to

When Should You Buy Fresenius Medical Care AG (ETR:FME)?
When Should You Buy Fresenius Medical Care AG (ETR:FME)?

Yahoo

time43 minutes ago

  • Yahoo

When Should You Buy Fresenius Medical Care AG (ETR:FME)?

Let's talk about the popular Fresenius Medical Care AG (ETR:FME). The company's shares saw a double-digit share price rise of over 10% in the past couple of months on the XTRA. While good news for shareholders, the company has traded much higher in the past year. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let's examine Fresenius Medical Care's valuation and outlook in more detail to determine if there's still a bargain opportunity. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The share price seems sensible at the moment according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 22.24x is currently trading slightly above its industry peers' ratio of 22.13x, which means if you buy Fresenius Medical Care today, you'd be paying a relatively sensible price for it. And if you believe Fresenius Medical Care should be trading in this range, then there isn't really any room for the share price grow beyond the levels of other industry peers over the long-term. Furthermore, Fresenius Medical Care's share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. This may mean it is less likely for the stock to fall lower from natural market volatility, which suggests less opportunities to buy moving forward. View our latest analysis for Fresenius Medical Care Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Fresenius Medical Care's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. Are you a shareholder? FME's optimistic future growth appears to have been factored into the current share price, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at FME? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio? Are you a potential investor? If you've been keeping an eye on FME, now may not be the most advantageous time to buy, given it is trading around industry price multiples. However, the positive outlook is encouraging for FME, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. Diving deeper into the forecasts for Fresenius Medical Care mentioned earlier will help you understand how analysts view the stock going forward. Luckily, you can check out what analysts are forecasting by clicking here. If you are no longer interested in Fresenius Medical Care, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store