Red Bull Racing and Sergio Perez have reached an agreement to part ways effective immediately, ending their four-year partnership.

Pérez’s downturn in performance had big implications for Red Bull, which couldn’t defend the constructors’ championship.

A new role for Sergio Perez in Formula 1 has been announced following the loss of his seat at Red Bull. 2024 proved a challenging year for Perez, who, despite starting the season with four podiums in five races, suffered a huge downturn in form thereon.