Oscar Piastri has officially ended his long-standing management agreement with the company run by former Formula One race-winner Mark Webber and his wife, Ann. The decision brings to a close a partnership that had been the subject of speculation for nearly a year.
The Australian driver had been managed by JAM Sports, co-founded by Webber, his wife, and private equity CEO Jason Allen. Webber had stepped back from attending races this season, and the end of the professional relationship has now been confirmed.
Webber's F1 Legacy and Management Career
Webber enjoyed a distinguished F1 career, starting 215 races across more than a decade, with nine wins and 42 podiums while driving for teams including Williams and Red Bull. Since retiring, he has worked as a pundit for Channel 4's F1 coverage in the UK.
Piastri began working with JAM Sports in 2019, when he was a teenager racing in the Formula Renault Eurocup, which he won. He subsequently claimed both the Formula 3 and Formula 2 titles at the first attempt, but spent 2022 as a reserve driver at Alpine.
Path to McLaren
After Alpine tried to promote Piastri for the following year, he publicly announced he would not race for them. In private, negotiations with Webber led to a switch to McLaren, where he became team-mate to Lando Norris in 2023.
Piastri has since won nine races and finished third in the drivers' championship last year, having led the standings for six months before a late-season collapse. Webber was by his side throughout, but has barely been seen at races this year.
Official Statements and Current Season
Confirming the termination of his contract, Piastri said: "I'd like to thank Mark and Ann for all their support and advice over the years. Their guidance has been invaluable, particularly in navigating the beginning of my F1 career. I wish them all the best going forward."
Webber also announced the news, saying: "We are proud to have played a pivotal role in the formative years of Oscar's career and to have placed him in F1 so that he could compete at the front so early on. 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. This will allow Oscar to build on his achievements under a new management structure, and for us to embark on our new ventures. We wish Oscar all the very best for a long and successful career."
The 2026 season has been challenging for Piastri, who sits seventh in the drivers' standings with 152 points and no wins so far. Norris's victory in Sao Paulo on Sunday was his third grand prix success of the campaign, and the Brit is 94 points ahead of his team-mate.
