Horner exits Red Bull Racing after 20 years amid severance talks

Christian Horner has formally left Red Bull Racing after more than 20 years as the team’s principal and chief executive, the Milton Keynes outfit said on Monday, following his removal from operational duties in July. The departure ends a contract that had been due to run to 2030 and follows weeks of negotiations over a severance arrangement that multiple reports have said is worth tens of millions of pounds. The exact sum is disputed.

Red Bull issued a brief statement confirming Horner’s exit and praising his contribution during two decades that saw the team win eight drivers titles and six constructors championships. Horner thanked colleagues and shareholders in his own statement, saying, “Leading Red Bull Racing has been an honour and privilege,” and expressing pride in the team’s achievements. Oliver Mintzlaff, Red Bull’s CEO of Corporate Projects and Investments, also thanked Horner for his “exceptional work” over 20 years.

Horner was relieved of operational duties on July 9, after a period of internal dispute at the top of the organisation. The move came about 17 months after a female colleague accused him of inappropriate behaviour; Red Bull has said he was cleared...