Caterham have confirmed that Cyril Abiteboul will replace Tony Fernandes as team principal with immediate effect following the Malaysian businessman’s decision to step aside.
Abiteboul will remain CEO of the team, taking on the additional role of team boss. He joined the outfit in September from Renault Sport where he also remains an employee until January.
“I am honoured to take over as team principal, now combining that role with the CEO post I took up in September 2012, and I would like to thank Tony and [Dato’] Kamarudin [Bin Meranun] for the chance to lead this team into the next phase of its growth,” he said.
“We have big challenges ahead of us but the shareholders are committed and behind us to help us take significant steps forward over the coming years, and one day challenge for the highest honours in F1.
“We have an incredible spirit within the team and that has been created by Tony and Kamarudin. This spirit, allied to a strategic vision that gives us a clear path to success, is what will keep driving us forwards and we all look forward to the day we can make the dreams our shareholders had several years ago come true.”
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