President of the Grand Prix of America, Tom Cotter, has announced that he will resign from his current position, delivering a blow to the project which aims to hold a Formula 1 race in New Jersey.
Cotter has only been in the role since January of this year, but will leave at the end of August to focus on his own motorsport promotions company.
The role will be fulfilled by chief operations engineer Dennis Robinson, and Richard Goldschmidt, special assistant to race promoter Leo Hindery Jr.
In a statement published in the New York Times, Cotter assured that the event would be a major success amid concerns from Bernie Ecclestone it might not be completed in time to host F1 in 2013.
“I have full faith in the Grand Prix of America team and look forward to sitting in the grandstands at a world-class race in 2013,” he said.
Hindery Jr added: “We’re all thankful for Tom’s leadership in bringing Formula 1 to Port Imperial. During his stewardship we’ve made great progress and are less than a year away from the sport’s top racers speeding around a street course with New York City in the background.”
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