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Caterham F1 Team has confirmed Thursday that Cyril Abiteboul has been promoted to the role of Team Principal with immediate effect.
Abiteboul will combine that role with his current responsibilities as CEO, a position he took up in September 2012.
“Having launched our partnership with Renault in Paris on Monday the plan Kamarudin and I formed over three years ago for our automotive interests has come to fruition,” said Tony Fernandes, Caterham Group Chairman.
“The strategy for the establishment and growth of Caterham Group has now reached the stage where we can step back from the day to day running of the F1 team in favour of Cyril who will be able to dedicate himself full time to the role and work closely with Riad to help take our automotive interests into the next stage of their growth.
“Cyril is going to be an excellent Team Principal. He has extensive experience in F1, he is extremely well respected and he shares our vision for what we want our team to achieve. He takes over during a season when we have not yet fulfilled our potential, but at a time when we have everything in place to help us do so. One day we will earn our seat at the top table of Formula 1 and he is the right person to take us there. This decision allows Kamarudin and I to focus on AirAsia and gives Riad the structure he needs to allow the various Caterham Group businesses to flourish under his leadership,” Fernandes added.
Abiteboul will combine that role with his current responsibilities as CEO, a position he took up in September 2012.
“Having launched our partnership with Renault in Paris on Monday the plan Kamarudin and I formed over three years ago for our automotive interests has come to fruition,” said Tony Fernandes, Caterham Group Chairman.
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| Photo: Caterham F1 Team |
“The strategy for the establishment and growth of Caterham Group has now reached the stage where we can step back from the day to day running of the F1 team in favour of Cyril who will be able to dedicate himself full time to the role and work closely with Riad to help take our automotive interests into the next stage of their growth.
“Cyril is going to be an excellent Team Principal. He has extensive experience in F1, he is extremely well respected and he shares our vision for what we want our team to achieve. He takes over during a season when we have not yet fulfilled our potential, but at a time when we have everything in place to help us do so. One day we will earn our seat at the top table of Formula 1 and he is the right person to take us there. This decision allows Kamarudin and I to focus on AirAsia and gives Riad the structure he needs to allow the various Caterham Group businesses to flourish under his leadership,” Fernandes added.