Haas has announced that Kevin Magnussen will leave the team at the end of the 2024 season.

Magnussen (31) is the longest tenured driver in the American outfit's history with 2024 marking his seventh season across two spells (2017 - 2020, 2022 - 2024).

With 135 starts to-date for Haas, from a career total of 175 Formula 1 starts, Magnussen, who has also competed for McLaren and Renault, is set for 12 more races for the team through to the completion of the season in Abu Dhabi.

The Danish racer scored a career-high ninth place finish in the Drivers' Championship with Haas in 2018 - scoring top 10 finishes in 11 out of 21 races - assisting the team on its way to its best-ever finish of fifth in the Constructors' Championship that season.

Haas looks forward to working with the Dane for the remainder of the season in his bid to add to his top 10 results from Australia and Austria earlier this year.

"I'd like to thank Kevin for everything he's given us as a team - both on and off the track," said Ayao Komatsu. "He's truly been a bedrock of our driver line-up over the years. Nobody's driven more races for us and we've had some memorable highlights together - not least a remarkable fifth place finish at the Bahrain Grand Prix in 2022 when Kevin returned to start his second spell with the team. He wasn't expecting to be driving a Formula 1 car that weekend, but he put in a remarkable performance that was a tremendous boost to the entire organization and once again showcased his own talents behind the wheel."

"There's plenty of racing to go this year," he added, "so I'm looking forward to seeing what else we can achieve with Kevin as we push together in the championship. Beyond that, and with Kevin's special relationship with the team, I'm hoping we can find a way to keep working together in some capacity. We can hopefully define that in the near future, but his extensive experience in Formula 1 and knowledge of our working operations are undoubtedly of value in our on-going growth and development."

"I'd like to extend my thanks to everyone at Haas," said Magnussen, "I'm proud to have raced for such a great team of people these last few years. In particular I'd like to thank Gene Haas for his commitment to me, notably in bringing me back once again in 2022 when I thought, at that time at least, my time in Formula 1 had ended.

"I've enjoyed some great moments with this team - memories I'll never forget. While I'm looking forward to the next chapter of my racing career, I remain fully focused on giving everything I've got for the rest of 2024 with MoneyGram Haas F1 Team."

While teammate Nico Hulkenberg has already signed for Sauber, Haas previously revealed that Oliver Bearman will drive for it in 2024.