Monisha Kaltenborn is set to become the first female team boss in the history of F1 after Peter Sauber named her as his successor when he stands down as team principal.

Sauber was forced to come out of retirement to save the team that bears his name when BMW elected to quit F1, having previously stood down from his role to sell the team to the German manufacturer.

Having always insisted that he would only stay in charge as long as was needed, Sauber has now revealed that he plans to stand down from his role of team principal in the near future with current CEO Kaltenborn having been chosen as the person to replace him.

"I always said I would no longer be on the pit wall when I'm 70," the 68-year-old told Der Sonntag. "My successor is already decided. Monisha Kaltenborn will be our new head. This is certain. Quite when she will take over is not yet decided.

"Monisha will become the first female F1 team boss in history. She has been with us for 13 years, always in a leading role. I am confident that she will do a very good job."

Sauber insisted that when he does stand down, he intends to take a back seat and focus more on life away from the race track.

"My wife and I will be sure to travel," he said. "I've been racing for 42 years. It has long been accepted that I am always on the go.

"But when I'm retired I want to play more golf, and hope to lower my handicap from 36."