Renault F1 Deputy Managing Director Cyril Abiteboul Moves to Caterham F1 as CEO

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The Caterham F1 Team is, as of today, in new hands. The British team has enlisted the help of Cyril Abiteboul, to quit his job of Deputy Managing Director at Renault F1, in order to join their team as CEO. However, he is still contractually obligated to remain with Renault until January 2013, so he will be splitting his duties until then.

The Frenchman said:"I am obviously really happy to join this team that is still only in its third year and I would like to thank Tony, Kamarudin and Riad for this fantastic opportunity. The vision, enthusiasm and appetite of the shareholders and the whole team will be very precious strengths to help us tackle the many challenges we have ahead as we continue to develop the F1 platform and hopefully make our way up through the grid. The multi-cultural character of the group of people in the team, together with the business and industrial project that the F1 activity serves under the Caterham Group umbrella made it an obvious choice for me after 11 great years with Renault to whom I can never be thankful enough for all I have been able to learn and experience throughout my time with them."

Everybody at Caterham seems pleased with the move, even CEO Riad Asmat seemed so: "I am delighted that Cyril has accepted our offer to join us as CEO of Caterham F1 Team and I am sure his appointment will have an immediate positive effect on our continuing development and growth as a force in Formula 1. We have been looking for the right person to lead the F1 team for a considerable period and Cyril fits all the criteria we set out in identifying the right CEO for our team. He is a key part of our long-term development and will help us to build on the foundations we have created since we first entered the sport in September 2009."

Story via motorsport.nextgen-auto.com

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