The legendary F1 designer’s current deal had been up for renewal at the end of this year, prompting recent speculation that he could be targeted by competitors.
But on the back of a dominant start to the 2023 season for Red Bull’s RB19, sources have revealed that the team and Newey have moved quickly to sort out the details of a new arrangement that will see them work together for many more years to come.
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Newey will continue in his role as chief technical officer, having oversight of the progress of Red Bull’s F1 team, its Advanced Technology business and its new Powertrains division.
While there has been no official announcement of the new contract, nor details of how long it runs for, Red Bull team principal Christian Horner welcomed the fact that Newey was now formally committed to the squad after originally joining in 2006.
“Adrian has been such a fundamental part since almost the beginning,” Horner told Autosport.
“He covers a lot of a lot of areas and, to have the depth of his experience and knowledge to draw upon, and the way he works with the young guys, it's great.
“He's just as motivated as he always been. Obviously, he has a great interest in what's going on in Powertrains, and Red Bull Advanced Technology as well. So, he covers the three pillars of the campus in Milton Keynes.”
Source: Autosport