Mike Gascoyne has expanded his role at Caterham and will, with immediate effect, become group chief technical officer.
Gascoyne previously held the position of CTO for just the Caterham F1 Team, but he will now head up development throughout the company which includes their GP2 team, Caterham Cars, Caterham Composites and Caterham Technology & Innovation.
Mark Smith, the teams technical director, will assume day-to-day operations with regards the F1 team and will report to Gascoyne.
“This is a very proud moment for me,” said Gascoyne. “Tony, Kamarudin, Nasa and Riad have established Caterham Group as a serious force for future development in a number of very exciting sectors. My new role will now give me the chance to help drive value across the whole group through the creation and delivery of new projects in all the sectors we are already working in, and opening up new opportunities for each of the Group’s companies to embrace.
“Mark Smith is exactly the right person to step up to the broader role he will now be taking on in the F1 team, and I am looking forward to working even more closely with Mark Edwards at Caterham Technology & Innovation, Phil Hall at Caterham Composites and Ansar Ali at Caterham Cars. This is a big challenge but one I am extremely excited about and I want to thank our shareholders for this opportunity.”
Tony Fernandes, Caterham Group Chairman, added: “We are all delighted that Mike has taken up the challenge we have presented him, to lead technical direction across the whole Caterham Group. His experience, knowledge, enthusiasm and creativity give him the perfect skill set to help us achieve the ambitious goals we have set for all the group companies, and I know Mike is excited about what lies ahead.”
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