“We would like to thank Bob Bell for his contribution to the performance of the team and for helping see us through a period of transition since Genii Capital became a shareholder in the team,” said majority team owner and chairman Gerard Lopez, in the media statement.
“We are entrusting the post of Managing Director to Eric Boullier and we have every confidence that, under his leadership, we will achieve our racing objectives,” added the owner of Genii Capital, majority backer of the Enstone based team.
Bell was appointed managing director of the team through the 2009 season, after Flavio Briatore decided to leave that position due to his involvement in the spy-gate.
Stepping into Formula One as an aerodynamicist for McLaren back in the '80s, the 52-year old held several positions within teams like Benetton and Jordan, before replacing Mike Gascoyne as technical director of Benetton back in 2003. He stayed with the team through its Renault years until this season.
“Since the beginning of the season, the Renault F1 Team has demonstrated its ability to react to a need for change. The results of the tremendous efforts made have been immediately apparent on the race track. Today, we have a competitive car and an incredibly motivated team. I am proud of the trust being placed in me to continue this good work, and I will make every effort to ensure the Renault F1 Team returns to the front of the grid as soon as possible,” said Boullier when confirmed as new managing director.