Prior to Wednesday, Horner had served as the only team principal Red Bull had ever had since it joined the grid in 2005, earning 124 victories, 107 pole positions, 287 podiums, eight drivers' world championships and six constructors' championships. Horner will be replaced by Laurent Mekies as CEO and team principal.

That said exit clause is reported to be that Verstappen can leave the team if he is lower than fourth in the drivers’ championship by the F1 summer break, following the next two races in Belgium and Hungary.