Tony Fernandes has announced he will step down from his Team Principal role with Caterham F1 at the end of the year. It’s a planned move that will allow him more time to focus on Caterham’s road cars, which have just been given a boost with the new partnership with Renault.
Speaking to Autosport, Fernandes said: “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. We are definitely better at business than finding tenths of seconds around a lap.
“It was right for us to lead the team initially and set a template of how it should be. That vision is now set and the team is ready to move forward to the midfield.”
Fernandes revealed his successor has been found, but wasn’t willing to give away the name just yet. “I know who it will be—and can tell you that today as I had confirmation earlier. I cannot tell you their name yet. All I can say is that they are from within F1,” he said.
[Source: Autosport | Pic: Charles Coates/LAT Photographic]