Renault's Abiteboul confirmed as new Caterham CEO 21 Sep 2012
Caterham have confirmed that Cyril Abiteboul, currently deputy Managing Director of Renault Sport F1, is to become the teams new CEO. Abiteboul will split his duties between Caterham and Renault until next January in order to finalise on-going projects.
"I am obviously really happy to join this team that is still only in its third year, said Abiteboul. 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."
Welcoming Abiteboul, Caterham team principal Tony Fernandes commented: "Cyril's appointment is more good news for our Formula One team. As CEO he will lead our F1 operation and will work closely with (Caterham Group CEO) Riad (Asmat), who can now turn his full attention to the continuing growth of the wider Caterham Group which is already active in the automotive, aerospace and marine industries.
Cyril will also strengthen the excellent relationship that we have with Renault, particularly as we work towards the introduction of the new engine regulations in 2014 when engines will play an even greater role in overall car performance."
Asmat added: "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."
Abiteboul will be responsible for all Caterhams on and off-track operations and will report to Asmat and Fernandes.
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