Cadillac F1 CEO Towriss explains: This is why Pérez will be staying on board for a long time to come

Given Sergio ‘Checo’ Pérez’s strong performances, it was on the cards that the Cadillac veteran’s contract would be extended. Indeed, shortly before the start of the Mexican’s home race, the US team confirmed that his contract had been extended until the end of 2029. The reasons for this are obvious, says Dan Towriss.

The Cadillac F1 CEO told ‘Racer.com’: “He has made a significant contribution to the team’s development in its early stages, and when you look at his commitment to our team, he really deserves this contract extension – so it was only logical to take this step.”

Towriss explains the timing of the announcement as follows: “When we were working on the contract extension and realised that his 300th race was taking place at his home race in Mexico, it was somehow the perfect moment.”

What’s more, Pérez is generating enthusiasm for the Cadillac project: “Apart from the results on the track and the feedback on the car, I believe he has also personally helped to generate interest in the team simply by utilising his network.”

“He simply keeps pushing us to think about expanding our team. No team on the grid will undergo greater change than us, because we’re a brand-new team and need to keep developing. More and more people are taking an interest in this project, and Checo has played a key role in attracting these talents to us.”

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The CEO of the US team denies that Pérez’s contract was extended to pre-empt a rival who might poach the driver from Guadalajara: “That really wasn’t the point. He never hesitated, but focused entirely on this project. He rings me after every race. He has a list of things he wants to work on, and it’s always been about moving forward. So it really was just a matter of rewarding the commitment he’s shown in his first year.”