Caterham Group, the parent company of Caterham Cars, Caterham F1 Team, Caterham Composites and CTI (Caterham Technology & Innovation) has today confirmed that Graham Macdonald, previously CFO of Caterham Cars will step up to the role of CEO after current incumbent Ansar Ali leaves the business by mutual consent.

Macdonald has played an active role with Ansar in helping create Caterham Cars into its modern-day guise as a core element of the Caterham Group and will now lead Caterham Cars as CEO.

Ali will leave his post as CEO after leading Caterham Cars following a management buy-in which assumed control of the business in 2005 from original founders the Nearn family. Ali oversaw a programme which initiated a fundamental shift in the engineering focus of the business, a move which revitalised the legendary Seven range. He also oversaw the long-term stability of Caterham Cars, building on its historic spirit of innovation, entrepreneurial endeavour with a core motorsport base and dedicated to the notion of serving the 'unserved', making racecar performance accessible to everyone. Having built Caterham Cars into a globally respected automotive brand, and helping mould Caterham Group into its present-day guise, Ali has now decided to move on to new challenges.

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"I want to take this chance to thank Ansar for everything he has done for the Caterham brand over many years," Tony Fernandes, Caterham Group chairman, said, "Without his leadership, Caterham Cars would not be the world renowned, profitable business it is today and we would almost certainly not be working under the Caterham name if he had not initiated the discussions with us that led to the enviable position Caterham finds itself in today.

"Now we move on to the next phase of the expansion of Caterham Group and Caterham Cars. Graham is the perfect person to take over and lead the company and his experience and dedication will help us make a smooth transition into the next chapter of the Caterham Cars story."