HRT and team principal Dr. Colin Kolles have parted ways, the outfit confirmed on Wednesday in a brief statement.
Kolles joined the outfit before its debut season in 2010, following the takeover of start-up Campos Meta, which secured a slot on the grid but due to financial trouble, was rebranded Hispania.
The team, which was taken over this year by Spanish investment company Thesan Capital, confirmed the split.
“HRT F1 Team and Dr. Colin Kolles have reached an agreement to end their cooperation and therefore the team principal will abandon his post on the 15th of December 2011,” it read.
“This is due to the new direction that the team has taken and the decision of the new management to move the team headquarters to Spain.”
The outfit had previously been located at Kolles Munich based facility.
“HRT F1 Team would like to thank Dr. Colin Kolles for his work and dedication throughout these past two years and wish him the best in his future projects,” concluded the statement.
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