Marussia has confirmed that Timo Glock will not race for the team in 2013, after the pair agreed to part ways by ‘mutual consent’ despite the German having a contract.
Glock joined the newcomers in 2010 and had agreed a new contract which would have seen him remain at the outfit through 2014.
However the circumstances, which are believed to be commercial ones, have meant the team have had to let him go and will therefore need to find a replacement in the next few weeks to partner rookie Max Chilton.
Team principal John Booth confirmed that more news would follow as to the identity of any potential replacement, as well as thanking the 30-year-old for his efforts.
“Timo has made a very significant contribution to our team over the past three seasons, helping us to develop our package to the point where, for a large proportion of the 2012 season, we were holding 10th place in the constructors’ championship,” he said in a statement.
“Timo is a fantastic driver and he has been a very popular member of the team.
“Our team was founded on the principle of benefiting from proven experience whilst also providing opportunities for young emerging talent to progress to the pinnacle of motorsport. Thus far, this philosophy has also been reflected in our commercial model.
“The ongoing challenges facing the industry mean that we have had to take steps to secure our long-term future. Tough economic conditions prevail and the commercial landscape is difficult for everyone, Formula 1 teams included.
“We would like to thank Timo for working with us to reach this decision, especially as he had a valid contract, and also for the contribution he has made to our team.
“We wish him all the best for his future and I would like to congratulate the next team acquiring the services of such a competitive, professional and experienced racer.
“We will provide an update regarding the completion of our driver line-up in due course.”
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