Abiteboul replaces Fernandes as Caterham Team Principal

Abiteboul replaces Fernandes as Caterham Team Principal

8 November 2012 – Caterham has officially confirmed that Cyril Abiteboul has replaced Tony Fernandes as Team Principal. Having joined as CEO in September, the Frenchman now takes up the new role as Fernandes focuses more on the business side of the company.

“Having launched our partnership with Renault in Paris on Monday, the plan Kamarudin and I formed over three years ago for our automotive interests has come to fruition,” says Fernandes, who remains Caterham Group Chairman.

Tony Fernandes remains CEO of the Caterham Group

“The strategy for the establishment and growth of Caterham Group has now reached the stage where we can step back from the day to day running of the F1 team in favour of Cyril, who will be able to dedicate himself full-time to the role and work closely with Riad to help take our automotive interests into the next stage of their growth. Cyril is going to be an excellent Team Principal.”

Abiteboul will now lead the team – formerly known as Lotus Racing and Team Lotus – into its fourth Formula 1 season in 2013.

“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 Kamarudin for the chance to lead this team into the next phase of its growth,” he begins.

“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.”

Caterham is yet to confirm its driver line-up for 2013, but told GPUpdate.net on Thursday than an announcement will be coming ‘in due course’.

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