Cyril Abiteboul appointed new Caterham F1 Team Principal
By Berthold Bouman
On Tuesday Caterham announced Tony Fernandes would step down as Caterham F1 Team Principal, today the Malaysian outfit confirmed Cyril Abiteboul has been promoted to the role of Team Principal with immediate effect.
“On the racing side we have come to the conclusion that it is better if someone else takes over the Team Principal role to move forward,” Fernandes said on Tuesday about his retirement as Team Principal.
Today Fernandes commented, “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 [Asmat, Caterham Group CEO] to help take our automotive interests into the next stage of their growth.”
And he added, “Cyril is going to be an excellent Team Principal. He has extensive experience in F1, he is extremely well-respected and he shares our vision for what we want our team to achieve. He takes over during a season when we have not yet fulfilled our potential, but at a time when we have everything in place to help us do so. One day we will earn our seat at the top table of Formula 1 and he is the right person to take us there.”
Abiteboul said today, “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 [Meranum, Co-Chairman Caterham Group] for the chance to lead this team into the next phase of its growth.
“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.”
Riad Asmat, Cyril Abiteboul and Tony Fernandes