Colin Kolles will no longer act as team principal for the HRT F1 team, it has been confirmed.

A statement from the Spanish squad today said that his exit had been prompted by 'the new direction' the outfit is moving in and the decision to shift the teams headquarters from Germany to Spain.

The full release read:

"Spanish outfit HRT F1 Team and Dr. Colin Kolles have reached an agreement to end their co-operation and therefore the team principal will abandon his post on the 15th of December 2011.

"This is due to the new direction that the team has taken and the decision of the new management to move the team headquarters to Spain.

"HRT F1 Team would like to thank Dr. Colin Kolles for his work and dedication throughout these past two years and wish him the best in his future projects."

Kolles successor was not named.



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