After 20 years at the helm of Red Bull Racing, Christian Horner is out as team principal and CEO, effective Wednesday. The bombshell move comes at a tumultuous time for the Formula One team as it struggles to create a competitive car, sitting fourth in the constructors’ standings largely thanks to Max Verstappen’s performances this season.

After 20 years with the Team, Christian Horner departs Oracle Red Bull Racing as Team Principal and CEO. We thank him for his tireless and exceptional work. He has been instrumental in building this Team into one of the most successful in F1, with eight Drivers' Championships… pic.twitter.com/9SyqjSBvEG

Christian Horner is out as CEO and team principal at Red Bull Racing's Formula One Team, ending a dazzling 20-year run that included several championships – and an unlikely turn as a Netflix star on "Drive to Survive.