Renault has announced that Bernard Rey will succeed Alain Dassas as the president of the ING Renault F1 Team.

Dassas, who was appointed to the position back in April 2006 and who presided over the team's second successive double world championship victory last season, will now become the chief financial officer of Nissan.

"My time as President of the Renault F1 Team has been a rich, rewarding experience in personal and professional terms," commented Dassas.

"The Renault F1 Team is a world-class group of highly-motivated, competitive individuals and it has been a privilege to take part in the adventure.

"From a professional point of view, we have achieved the objective set when I assumed this role: to engineer a detailed, long-term commitment to Renault's Formula 1 future.

"The team is in good health, and well-placed to return to the front of the field next season. I wish them every success and while I look forward to my next challenge within the Renault Nissan Alliance, I will remain one of the team's most loyal supporters."

Rey, who currently holds the position of senior vice president, Renault CEO Office and earlier in his career, was responsible for Nissan's global motorsport activities, will take over later on this month on September 17, in order to 'ensure a smooth, stable transition as the team prepares for 2008'.

"The Renault F1 Team is proof of the Renault Group's ability to excel at the highest level, and I am greatly looking forward to returning to the world of motorsport," he added.

"The team is preparing to return to the highest level next season, and is well-placed to do so in terms of personnel and resources.

"It is a highly-capable group led by Flavio Briatore, whose abilities are well-known. I look forward to enjoying many future successes together."