Red Bull Racing has finalized an agreement on the contract termination for former team principal and CEO Christian Horner, freeing him up to return to F1.

Horner was officially terminated on Aug. 13 after being dismissed by the team's parent company, Red Bull GmbH, after the British Grand Prix in July.

"We would like to thank Christian for his exceptional work over the last 20 years," Red Bull CEO, corporate projects and investments, Oliver Mintzlaff said in a statement. "With his tireless commitment, experience, expertise and innovative thinking, he has been instrumental in establishing Red Bull Racing as one of the most successful and attractive teams in Formula 1."

In addition to being the F1 team boss, Horner was in charge of Red Bull's Powertrains company and Red Bull Applied Techn

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