Gascoyne to take on expanded Caterham role 17 Feb 2012
Mike Gascoyne has become the chief technical officer of the entire Caterham Group. As a result of Gascoynes promotion, technical director Mark Smith will assume day-to-day control of the Formula One teams technical division.
Gascoyne will be responsible for proposing and coordinating key technical initiatives in Caterham Groups motorsport activities (F1 and GP2), Caterham Cars, Caterham Composites and Caterham Technology & Innovation.
This is a very proud moment for me, said Gascoyne. My new role will now give me the chance to help drive value across the whole group through the creation and delivery of new projects in all the sectors we are already working in, and opening up new opportunities for each of the Groups companies to embrace.
Mark Smith is exactly the right person to step up to the broader role he will now be taking on in the F1 team, and I am looking forward to working even more closely with Mark Edwards at Caterham Technology & Innovation, Phil Hall at Caterham Composites and Ansar Ali at Caterham Cars. This is a big challenge but one I am extremely excited about and I want to thank our shareholders for this opportunity.
We are all delighted that Mike has taken up the challenge we have presented him, to lead technical direction across the whole Caterham Group, added Caterham Group chairman Tony Fernandes. His experience, knowledge, enthusiasm and creativity give him the perfect skill set to help us achieve the ambitious goals we have set for all the group companies, and I know Mike is excited about what lies ahead.
Gascoyne will continue to attend races in 2012, whilst Smith will increase his presence at Grands Prix this season.
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