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Kalternborh handed stake in Sauber Group

CEO Monisha Kaltenborn receives a third of the stake in the Sauber Group in the 'interests of continuity'

Peter Sauber has taken the decision to transfer a third of the stake in the Sauber Group to CEO Monisha Kaltenborn, it was announced today.

Sauber, team principal and president of the Board of Directors of all the Sauber Group companies, will retain the remaining two thirds.

“When BMW pulled out of F1 in 2009, Monisha Kaltenborn was instrumental in the team's survival and since then she has been doing outstanding work in her capacity as CEO,” Sauber explained.

“Transferring one third of the stake to her represents an important step for me in providing continuity.

“My desire is to ensure that the company continues to be led as I would want over the long term. Monisha Kaltenborn and my son Alex, who joined the company as Marketing Director in 2010 and has since also been a member of the Board of Management, both embrace this aim. It means we can offer our employees a positive outlook for the future.”

Kaltenborn, who became CEO of the team back in 2010, following BMW's exit, added: “For me this step is a mark of the greatest possible trust, which I will do everything in my power to justify,” she concluded.



Related Pictures

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Peter Sauber (SUI), Sauber F1 Team, Team Principal with Monisha Kaltenborn (AUT), Managing director, Sauber F1 Team Kamui Kobayashi (JAP), Sauber F1 Team, Sergio Perez (MEX), Sauber F1 Team and Esteban Gutierrez (MEX), Sauber F1 Team   - Sauber C31 Ferrari Launch
Peter Sauber (SUI), Sauber F1 Team, Team Principal with Monisha Kaltenborn (AUT), Managing director, Sauber F1 Team, Kamui Kobayashi (JAP), Sauber F1 Team, Sergio Perez (MEX), Sauber F1 Team and Esteban Gutierrez (MEX), Sauber F1 Team - Sauber C31 Ferrari Launch
Monisha Kaltenborn (AUT), Managing director, Sauber F1 Team  - Sauber C31 Ferrari Launch
20.04.2012-  Free Practice 2, Monisha Kaltenborn (AUT), Chief Executive Officer, Sauber F1 Team
Monisha Kaltenborn (AUT), Managing director, Sauber F1 Team   - Sauber C31 Ferrari Launch

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Josh - Unregistered

May 16, 2012 11:25 PM

"She's done nothing to deserve such a move...obviously got something on him." Oh please. Are you actually suggesting that you're a better judge of her worth than Peter Sauber himself? It's his brand, his company. I'm sure he knows far better than you ever will.



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