Caterham F1 has announced the appointment of Cyril Abiteboul as its new CEO.
Abiteboul, who will join the team from his current position as deputy managing director of Renault Sport F1, will be responsible for the team's on and off track operations and will report to Caterham Group CEO Riad Asmat and chairman Tony Fernandes.
“I am obviously really happy to join this team that is still only in its third year and I would like to thank Tony, Kamarudin and Riad for this fantastic opportunity,” he said. “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.”
Abiteboul will combine his Renault and Caterham roles until January 2013 in order to finalise ongoing projects.