Oscar Piastri and Mark Webber-led management mutually terminate agreement

By Vancouver Television Sports Desk

Oscar Piastri has agreed with his management team led by Mark Webber and Ann Webber to mutually terminate their management agreement, according to a joint statement released on Monday after the Sao Paulo Grand Prix. The statement said both sides had "mutually agreed to terminate their management agreement", paving the way for Piastri to transition to a new management structure.

In the statement, Piastri thanked Webber and his partner for their support throughout the early stages of his Formula 1 career. He said: "I'd like to thank Mark and Ann for all their support and advice over the years." Piastri added that their guidance had been "invaluable, particularly in navigating the beginning of my F1 career," and he wished them "all the best going forward."

Webber, a nine-time Grand Prix winner who has also previously driven for Red Bull, Williams and Jaguar, framed the decision as a natural close to a partnership that supported Piastri through formative years. He said the team was "proud to have played a pivotal role in the formative years of Oscar's career" and to have helped place him in F1 so he could compete at the front early.

Webber linked the timing to a change in the level of involvement this season, writing that, "Following our reduced trackside involvement this season, we have collectively agreed that now is an appropriate time to bring our management agreement to a close." He added that the arrangement would allow Piastri "to build on his achievements under a new management structure," while Webber’s group would "embark on our new ventures." Webber concluded with a wish for Piastri: "We wish Oscar all the very best for a long and successful career."

The Webbers began working with Piastri in 2019, when the Australian won the Formula Renault Eurocup and secured a spot on the Renault F1 Team's junior programme. The statement outlined that Piastri then won the FIA Formula 3 Championship the following season, and won the FIA Formula 2 Championship in 2021, before earning the opportunity to race in F1.

According to the same account, Mark Webber opened talks with McLaren and secured a deal for Piastri to make his F1 debut with the British team in 2023, replacing fellow Australian Daniel Ricciardo. The statement said the move proved decisive, noting that Piastri took two podiums in his rookie season and then secured his first Grand Prix win the following year in Hungary.

Piastri’s later results with McLaren were also highlighted. The statement said he launched a title charge in his third campaign with the team in 2025 before ultimately losing out to his teammate Lando Norris.

For the current season, the statement described how the Webbers stepped back from a front-line management role, moving from regular track presence to only "fleeting appearances." It also indicated that Piastri’s closer team environment has been evolving: it pointed to Prema race engineer Pedro Matos and mental coach Emma Murray, saying they have since taken on a greater role at track as part of Piastri’s close support group.

As part of the transition, the statement said Piastri—who currently sits seventh in the Drivers' Championship—will operate under a new management structure going forward. The announcement does not name the new structure, but it confirms the end of the Webber-led management agreement as of the day after the Sao Paulo Grand Prix.

The shift marks a significant change in Piastri’s off-track arrangements, closing a relationship that has spanned his rise from junior single-seaters into Formula 1. With Webber and Ann Webber stating their involvement has been reduced this season, the decision appears tied to both the partnership’s evolution and the intent to align Piastri’s management with the next phase of his career.