Italian tyre brand Pirelli has renewed as the sole Global Tyre Partner of the Formula One World Championship.
Pirelli’s current deal expires at the end of 2019, and its new deal will run for four years, from 2020 to 2023.
Commenting on the deal, Chase Carey, Formula One chairman and chief executive, said: “Pirelli have been an important and valued partner to Formula One since 2011. They are leaders in providing innovative state of the art capabilities.
“They are a premium brand, a clear global leader in motorsport, and our ongoing partnership with them is proof once more of our desire to align F1 with the best in motorsport and beyond.”
This new agreement extends Pirelli’s presence in Formula One to a total of 13 seasons in the modern era, with Pirelli also present in 1950, when the World Championship was inaugurated.
Pirelli has been Formula One’s sole tyre supplier since Bridgestone withdrew after 2010.
For more on Formula One’s Global Partners, read: ‘DHL renewal shows belief in future of Formula One’.