Aston Martin and Red Bull reach settlement agreement over Dan Fallows

Aston Martin and Red Bull have released a joint statement on a settlement agreement over Dan Fallows.

The long-running saga over his employment has finally been resolved and Fallows will join Aston Martin on April 2 though will remain at Red Bull until that date. Fallows has been with Red Bull since 2006.

In the joint statement, Fallows said he was proud of what he achieved at Red Bull and that he was looking forward to starting his new position as technical director of Aston Martin.

“I’ve enjoyed many happy years at Red Bull Racing and am proud of what we achieved,” he said. “I am looking forward to next season and a new challenge.”

Aston Martin Performance Technologies CEO Martin Whitmarsh added that the team had finally reached an agreement to a early release for Fallows from his Red Bull contract.

“We are pleased to have reached an agreement with Red Bull which releases Dan early from his contract and are looking forward to him joining the team.”

Last June, Aston Martin announced that Fallows would be joining the team though Red Bull team boss Christian Horner fired back saying that it would only happen after a two-year period.

Fallows was an integral part of the aerodynamics department at Red Bull, holding the position of chief aerodynamicist. Horner said ahead of the Styrian GP that Fallows would be seeing out his contract with the team.

In the joint statement, Horner thanked Fallows for his work with the team.

“We would like to thank Dan for his many years of excellent service and wish him well for the future.”

Fallows’ appointment is the latest confirmation in a shake-up at the Aston Martin Formula 1 team. Martin Whitmarsh was brought in last year as a CEO while more recently, Otmar Szafnauer left his post as team principal and replaced with ex-BMW motor sport boss Mike Krack.