Kaltenborn receives a third of Sauber Group

Kaltenborn receives a third of Sauber Group

16 May 2012 – Sauber team CEO Monisha Kaltenborn has received a third of the stake in the Sauber Group, it was announced by the Swiss company on Wednesday afternoon. The share has been given up by team owner Peter Sauber, who has already said that he intends to retire from his role of Team Principal by the end of next year.

When Peter Sauber retires, Kaltenborn will become F1's first female Team Principal
With Sauber celebrating his 70th birthday in 2013, having already bought back into the team he originally founded when BMW suddenly withdrew in 2009, the businessman has now started the process of transferring ownership of the squad.

“When BMW pulled out of Formula 1 in 2009, Monisha Kaltenborn was instrumental in the team’s survival and since then she has been doing outstanding work in her capacity as CEO,” Peter Sauber explains. “Transferring one third of the stake to her represents an important step for me in providing continuity.

"My desire is to ensure that the company continues to be led as I would want over the long-term. Monisha Kaltenborn and my son Alex, who joined the company as Marketing Director in 2010 and has since also been a member of the Board of Management, both embrace this aim. It means we can offer our employees a positive outlook for the future.”

Briefly taking about her acquired stake, Kaltenborn adds:

“For me this step is a mark of the greatest possible trust, which I will do everything in my power to justify.”

2013 will mark the 20th anniversary of the Sauber F1 Team.

related

Comments

Latest News
Full
Compact

  1. Saturday 23 May 2015

  2. Video of the Day: Hamilton chats with Henry 05:04

    Video of the Day: Hamilton chats with Henry

    Lewis Hamilton chats with Thierry Henry about winning and losing after their recent football match.

    F1
  3. Friday 22 May 2015

  4. 19:47

    Book F1 tickets and join the action live!

    F1
  5. Video: Codemasters F1 2015 teaser 18:45

    Video: Codemasters F1 2015 teaser

    Codemasters provides a glimpse of F1 2015, coming to PC, PS4 and Xbox One on July 10.

    F1
  6. Matsushita penalised with pit lane start 14:46

    Matsushita penalised with pit lane start

    ART Grand Prix driver Nobuharu Matsushita has been ordered to start the GP2 Sprint Race from the pit lane after causing a…

    GP2
  7. MotoGP eyes Indonesian race from 2017 14:44

    MotoGP eyes Indonesian race from 2017

    MotoGP is looking to add an Indonesian round to its calendar from the 2017 season. Dorna Sports chief Carmelo Ezpeleta and…

    MotoGP
  8. Video: Challenges of racing in Monaco 14:34

    Video: Challenges of racing in Monaco

    Learn more about the challenges of racing in Monaco with this guide from F1 brake supplier Brembo.

    F1
  9. 14:31

    Photos: Berlin prepares for Formula E

    FE
  10. Huertas out of Indy 500 with ear condition 14:17

    Huertas out of Indy 500 with ear condition

    Carlos Huertas has been ruled out of the Indianapolis 500 just two days before the race after he was diagnosed with an inner ear…

    Indy
  11. FIA opens 2017-19 Formula 1 tyre tender 13:16

    FIA opens 2017-19 Formula 1 tyre tender

    Formula 1's governing body, the FIA, has officially opened a tender for interested companies to become the sport's sole tyre…

    F1
  12. F1 Strategy Group 'not fit for purpose' 11:44

    F1 Strategy Group 'not fit for purpose'

    Force India Deputy Team Principal Bob Fernley says Formula 1's Strategy Group "is not fit for purpose", arguing that it should…

    F1
  13. 11:43

    Latest GP2 photos: Friday in Monaco

    GP2
  14. Vandoorne beats Rossi to Monaco win 11:42

    Vandoorne beats Rossi to Monaco win

    Stoffel Vandoorne continued his emphatic start to the 2015 GP2 season as he claimed his third successive Feature Race win around…

    GP2
  15. Bianchi's situation 'stagnant', says family 10:20

    Bianchi's situation 'stagnant', says family

    The father of Jules Bianchi has said that while the family has not given up hope of a miracle, his son's medical situation is…

    F1
  16. Video: Merhi crashes out in practice 09:50

    Video: Merhi crashes out in practice

    Manor's Roberto Merhi brought out the red flags with this crash during second practice in Monaco.

    F1
  17. IndyCar adds Boston street race for 2016 09:19

    IndyCar adds Boston street race for 2016

    IndyCar has announced that it will add a Boston street race to its calendar for the 2016 season. The event, scheduled to be…

    Indy
  18. Hülkenberg sure top team chance will come 08:22

    Hülkenberg sure top team chance will come

    Force India racer Nico Hülkenberg is sure that his chance with a leading Formula 1 team will arrive, despite the German's…

    F1
  19. Video of the Day: Rosberg meets royalty 05:36

    Video of the Day: Rosberg meets royalty

    Nico Rosberg spent time with Prince Albert of Monaco ahead of the Monaco Grand Prix.

    F1
  20. Thursday 21 May 2015

  21. Haryanto handed three place penalty 18:55

    Haryanto handed three place penalty

    Campos driver Rio Haryanto has been handed a grid penalty following qualifying for the GP2 Feature Race in Monaco. Stewards…

    GP2
  22. Briscoe to sub for Hinchcliffe at Indy 17:11

    Briscoe to sub for Hinchcliffe at Indy

    Ryan Briscoe will return to the cockpit of an IndyCar this Sunday when he takes control of the No. 5 Arrow/Lucas Oil Honda…

    Indy
  23. 17:01

    Latest F1 photos: Thursday in Monaco

    F1
  24. Räikkönen struggles with tyre warm-up 16:56

    Räikkönen struggles with tyre warm-up

    Kimi Räikkönen says he struggled with tyre warm-up throughout Thursday's pair of practice sessions for the Monaco Grand…

    F1
  25. Verstappen 'immediately' comfortable in Monaco 16:41

    Verstappen 'immediately' comfortable in Monaco

    Toro Rosso rookie Max Verstappen says he felt instantly comfortable as he tackled Monte-Carlo's streets for the first time on…

    F1
  26. Massa: Nothing to learn in wet conditions 16:22

    Massa: Nothing to learn in wet conditions

    Williams' Felipe Massa expressed his frustration after rainfall restricted running on the first day of practice for the Monaco…

    F1
  27. Rossi takes pole at wet Monaco 16:03

    Rossi takes pole at wet Monaco

    Alexander Rossi set the fastest time in the second qualifying session at Monaco to claim pole position for Friday's Feature…

    GP2
  28. Hamilton encouraged by early car balance 15:39

    Hamilton encouraged by early car balance

    Lewis Hamilton says he was pleased with his initial car balance after leading the first two practice sessions for the Monaco…

    F1
  29. Abt to remain with family-run team 15:05

    Abt to remain with family-run team

    Daniel Abt will remain with ABT Sportsline for the second season of Formula E, which is set to begin later this year. Abt…

    FE
  30. 14:36

    Monaco Grand Prix: Full Practice 2 results

    F1
  31. Hamilton quickest in rain-hit second practice 14:32

    Hamilton quickest in rain-hit second practice

    Mercedes driver Lewis Hamilton remained at the head of the times as a rain shower severely limited running during Thursday…

    F1
  32. 12:49

    Follow second practice for the Monaco GP!

    F1
  33. Hinchcliffe expected to make full recovery 12:24

    Hinchcliffe expected to make full recovery

    James Hinchcliffe has been moved out of intensive care and is expected to make a full recovery from the injuries he suffered…

    Indy
  34. 10:45

    Monaco Grand Prix: Full Practice 1 results

    F1
  35. Hamilton leads Verstappen in first practice 10:34

    Hamilton leads Verstappen in first practice

    Mercedes driver Lewis Hamilton topped the timesheets during a mixed up opening practice session for the Monaco Grand Prix, ahead…

    F1
  36. 08:48

    Follow first practice for the Monaco GP!

    F1
  37. Räikkönen dismisses concerns over future 07:36

    Räikkönen dismisses concerns over future

    Kimi Räikkönen has dismissed concerns regarding his Formula 1 future, as rumours continue to suggest that compatriot Valtteri…

    F1
  38. Hamilton never doubted Mercedes continuity 06:47

    Hamilton never doubted Mercedes continuity

    Lewis Hamilton says that he never had any doubts about his Formula 1 future while he was mulling over signing a new deal with…

    F1
  39. Video of the Day: Hamilton's Monaco preview 05:12

    Video of the Day: Hamilton's Monaco preview

    Reigning World Champion and Mercedes driver Lewis Hamilton looks ahead to the Monaco Grand Prix.

    F1
  40. Wednesday 20 May 2015

  41. Alonso queries Formula 1's direction 19:01

    Alonso queries Formula 1's direction

    Fernando Alonso has questioned the direction which Formula 1 has taken across recent years, after it was announced last week…

    F1
  42. 17:30

    Latest F1 photos: Wednesday in Monaco

    F1
  43. Rosberg enthused by Hamilton contract 17:28

    Rosberg enthused by Hamilton contract

    Nico Rosberg says it is 'great' that Mercedes team-mate Lewis Hamilton has extended his contract to remain with the squad until…

    F1
  44. Ricciardo: Spain showed Red Bull weaknesses 16:28

    Ricciardo: Spain showed Red Bull weaknesses

    Daniel Ricciardo says that Red Bull's performance at the recent Spanish Grand Prix emphasised that the squad's issues in 2015…

    F1
more news