Sebastian Vettel is to leave Ferrari at the end of the year after contract talks between the two broke down with no agreement.
Ferrari team principal Mattia Binotto said the decision was mutual and was “not easy to reach, given Sebastian’s worth as a driver and as a person”.
He added: “The time had come to go our separate ways in order to reach our respective objectives.”
Vettel said there was “no longer a common desire” to work together.
The German four-time world champion added: “In order to get the best possible results in this sport, it’s vital for all parties to work in perfect harmony.
“Financial matters have played no part in this joint decision. That’s not the way I think when it comes to making certain choices and it never will be.
“What’s been happening in these past few months has led many of us to reflect on what are our real priorities in life. One needs to use one’s imagination and to adopt a new approach to a situation that has changed. I myself will take the time I need to reflect on what really matters when it comes to my future.”
Vettel’s team-mate Charles Leclerc, whose starring performances in 2019 effectively forced Ferrari and the 32-year-old into this position, said: “It’s been a huge honour for me to be your team mate. We’ve had some tense moments on tracks.
“Some very good ones and some others that didn’t end as we both wanted, but there was always respect, even though it wasn’t perceived this way from the outside.
“I’ve never learnt so much as I did with you as my team-mate. Thank you for everything Seb.”