There will be more changes, warns Kolles
8 July 2014 – Colin Kolles has warned that there will be more changes at the Caterham F1 Team over the coming months as the new owners look to ensure the squad survives and "bring it to calm waters".
Tony Fernandes' decision to sell the outfit was announced in the build-up to the British Grand Prix last week, with a consortium of Swiss and Middle Eastern investors taking over.
Kolles, who was Team Principal at Force India and HRT, has now been installed as an adviser, with former F1 driver Christijan Albers taking over the day-to-day running of the outfit as CEO.
"I think we have made a lot of progress. There will be more changes, more things to be done. I prefer to have 200 safe jobs than 300 lost jobs," Kolles told Reuters over the British Grand Prix weekend.
"Sometimes you have to make unpopular decisions. But believe me, I think certain people know and understand that changes have to be done and that it cannot continue like this. It is impossible.
"You have to put it financially straight, you have to restructure the whole company because it is a mess and you have to put upgrades on the car and find the best performing driver/car package."
He added: "A lot has been resolved within three days. We still have creditors to sort out, who are normal trade creditors. This is what we are trying to do. To bring everything to calm waters.
"The team should be there for many more years. This is the target. It's not a question of surviving or not surviving. I think the team will survive. The question is at what level?"