Faure to step down at Renault 13 Mar 2006
Renault confirmed on Monday that Patrick Faure, President of the companys Formula One team, is to retire next month. He will be replaced from April 3 by Alain Dassas, currently Senior Vice President of Financial Operations.
After Renaults championship double last year, Renault CEO Carlos Ghosn paid tribute to the performance of the team under Faures guidance, saying "For the company, this Formula One victory is a historic event. It is the fruit of Renault's investment and the determination of the entire F1 team, and demonstrates that Renault is capable of excellence."
Renault and Fernando Alonso made a convincing start to their defence of both titles on Sunday with victory in the season-opening Bahrain Grand Prix. Together with Alain Dassas, our objective is to maintain the successful momentum of the Renault F1 Team, added Ghosn.
Faure, who will be 60 in May, joined Renault in 1977 and took up his post with their Formula One team in 2001.