Christian Horner will remain Red Bull team principal for the foreseeable future with the Brit confirming he has signed a new contract.
With Red Bull struggling to regain the form that won them four consecutive Drivers' and Constructors' Championships from 2010, reports have suggested Horner's position is under threat.
Some even claimed that Red Bull owner Dietrich Mateschitz had lined up Gerhard Berger as his replacement and it was only a matter of time before he was axed.
However, Horner has ended speculation over his future by revealing he actually signed an extension to his current deal.
"I didn’t lose any sleep over it because it is absolutely not true," he told Sky Sports F1. "I recently signed an extension to my contract with Red Bull, I have a great relationship with Dietrich and my goal is very much on getting the team back to the situation we were in 18 months ago.
"It is total rubbish. The thing is not to put too much energy into things like that, but in the world we live in sometimes people from rival teams say things and they get picked up and then a story goes on the internet and it goes from there.
"That is the problem with social media – two weeks ago I was taking over from Bernie, this week I was leaving the team, next week I’ll be driving the car probably."