Caterham team principal Christijan Albers has resigned after spending just two months in his role since the team was taken over in July.
The Dutch businessman was put in charge following the takeover by a group of Middle Eastern and Swiss investors, but says personal reasons have led to his departure.
“Over the past months I have dedicated all my energy to ensure the takeover of the team would go as smoothly as possible and to achieve the best possible result for our investors, sponsors and all the people involved with Caterham,” he said.
“As such I worked tirelessly to reconstruct the team while, at the same time, making technical updates on the car. In doing this we created both a better foundation for the team’s future and achieved significant improvements on the speed of the car.
“Due to private reasons and in order to be able to spend more time with my family, I will resign from my position as CEO of Caterham. I wish the team all the best in the future.”
Manfredi Ravetto is promoted to the role of team principal.
