DAMS has names St?phane Richelmi and Jolyon Palmer as its drivers for 2014 in the GP2 Series.

"I'm delighted to welcome Jolyon with whom we've been in contact for a long time and who had a great second half in the 2013 season," said team principal Jean-Paul Driot on Friday of the decision to hire the 22-year-old Briton, who this year raced with Carlin after previous stints with Arden and iSport.

"I'm also very pleased to keep St?phane with us, and I'm convinced that all the work we did with him this year will pay off in 2014," continued Driot, confirming that the 23-year-old from Monaco would return for a second season with the team.

"The experience and the evenly-matched capacities of these two drivers will enable us to fight at the front in the 2014 championship," Driot added.

2013 did not live up to the team's high hopes and expectations after two seasons in which their drivers Romain Grosjean and Davide Valsecchi clinched the drivers title in 2011 and 2012 respectively. This year, the team and its drivers did not feature at the top of either the driver or team championship battles.

"Our 2013 season was less fruitful than the two previous ones, but DAMS is still a top team and our hunger for victories and titles is greater than ever," insisted Driot.

The team admitted that this year's disappointment was "due mainly to poor results in the first half of the season" which saw Marcus Ericsson pick up only four points from a solitary pole position, but which finished strongly with the Swede claiming victory in the Nurburgring feature race followed by four more podium positions in the backend of the season at Hungary, Spa, Singapore and Abu Dhabi.

Ericsson went on to finish in sixth place after effectively half a season's worth of races, helping DAMS to a late charge to fourth in the constructors championship, but the renaissance for the team came too late to put them into title contention.

Today's news means that Ericsson will not return to the team in 2014. Rumours this week have linked the 23-year-old with a possible F1 race seat with Caterham for next season.

Richelmi said that he was delighted to be returning to DAMS in 2014 and hoped that the continuity would allow him to carry forward everything that he's learned this season into a successful title run next year.

"I'm really delighted to be continuing with DAMS in 2014," said the Monegasque driver. "My aim will be to build on my experience this year and reach a new level. I feel very good in the DAMS family and all the conditions are in place for us to fight for the podium and victory next year."

His new team mate for next year made it clear that his reason for signing with DAMS for 2014 was their proven track record in winning the drivers' championship in past season.

"I only have one objective for next year, which is to win the GP2 title, and I believe joining DAMS will give me the best opportunity to achieve that," he said. "They have a great track record of leading drivers to F1 and I will be working extremely hard to follow Romain Grosjean and Davide Valsecchi and become DAMS' third GP2 champion in four years, and maximise my chances of securing an F1 drive for 2015."

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