Webber, 40, said he will transition into a “special representative role” with Porsche.
The Australian driver has represented Porsche in the World Endurance Championship alongside Timo Bernhard and Brendon Hartley since his retirement from F1 at the end of 2013, and Webber has admitted to being a Porsche fan regardless.
“Of course hanging up my professional racing helmet is a very big decision but I’ve been extremely fortunate to receive great counsel from two of the legends of our sport, Sir Jackie Stewart and Niki Lauda, about the timings of such a decision,” Webber said.
“The timing is right for me – you certainly view things a bit differently when you get a bit older and your priorities in life change. As with my F1 career, it’s nice to be making the decision on my own terms.”
Webber said he has enjoyed his time racing with Porsche over the last three years, citing the on-track success of Bernhard, Hartley and himself in the #1 Porsche 919 racer.
Besides Porsche, Webber said he will continue with his role as a Red Bull athlete while his blossoming television career with Channel 4 in the UK and Network Ten in Australia will also continue.
“As for Aussie Grit himself, I’m working on a couple of new ventures too, so watch this space!” Webber said, hinting at further off-track opportunities.
Webber will front up for Porsche at this weekend’s Fuji round of the WEC, and his last ‘full time professional’ race will be the 6-hour race in Bahrain later this year.
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