Mike Gascoyne, Chief Technical Officer (CTO) of the Caterham Formula 1 team, has now been given the same role for the overall Caterham Group. The British sports car manufacturer was purchased last year by Tony Fernandes, who then applied the name to the F1 outfit formerly known as Lotus Racing and Team Lotus.
With immediate effect, Gascoyne – who was already dedicating more time to sister company Caterham Composites this year – will now be responsible for proposing, supporting and coordinating ‘technical initiatives’ for the F1 and GP2 teams as well as Caterham Cars, Caterham Composites and Caterham Technology & Innovation.
“This is a very proud moment for me,” he comments. “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.”
His previous position in the F1 squad is now occupied by Mark Smith.
“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,” Gascoyne began to conclude. “This is a big challenge but one I am extremely excited about and I want to thank our shareholders for this opportunity.”
Gascoyne has previously worked with Jordan, Benetton/Renault, Toyota and Spyker/Force India.
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