Monaco winner Sergio Perez has extended his contract with Formula 1 team Red Bull by two years until the end of 2024.

The racing team announced the signing of the 32-year-old Mexican on Tuesday, two days after his success at the Grand Prix in Monte Carlo. Perez has been driving for Red Bull alongside world champion Max Verstappen since last year. After seven races this season, he is third in the world championship standings behind Verstappen and Ferrari driver Charles Leclerc. Last year he finished fourth in the world championship.

Culmination of an “unbelievable week

With his triumph in Monaco, the third Grand Prix victory of his career, Perez is now the most successful Mexican in the history of Formula 1. He had already signed his new contract before the race in the Principality, it was said. Perez has improved again this year and “significantly narrowed the gap” to team-mate Verstappen, team boss Christian Horner said.

Perez enthused in the statement about an “unbelievable week”. He now feels at home at Red Bull. The veteran from Guadalajara is already in his twelfth season in Formula 1, having first been hired by the Swiss Sauber team in 2011. This was followed by stints for McLaren and Force India, as well as its successor Racing Point.