The Caterham F1 Team confirmed today that CEO Cyril Abiteboul will take over from team owner Tony Fernandes who will step down at the end of the season.
The 35 year old was appointed to the position of team CEO two months ago. The Frenchman has previously worked for Renault, Caterham's current engine supplier. The French manufacturer has just announced a major partnership with Caterham cars. It is believed that the two company's will begin working on compact cars and Tony Fernandes will be focussing his attention on that side of the business.
In recent years we have had 'the new generation' of team principal's entering the sport. In 2005, Christian Horner became the youngest F1 team principal when he took the reigns of RedBull Racing the age of 32. Stefano Domenicali became Ferrari's team principal in 2008, taking over from current FIA president Jean Todt.
In 2010, when the Renault team was sold to Gerard Lopez and his firm Genii Capital he appointed Eric Boullier as team principal. The Frenchman took over from former Renault technical boss Bob Bell who took over from the disgraced Flavio Briatoire who was sacked.
In 2009, Martin Whitmarsh took over as McLaren team principal from Ron Dennis who stepped down to concentrate on the company's Automotive business.
Then earlier this year Sauber team principal Peter Sauber announced that he was stepping down from his role and had appointed Minisha Keltonborn as team principal. Monisha became the first female team boss and is doing a great job with the team who are currently in 6th place in the Constructor's Championship.
I think it is great about these changes in Formula One and the sport in my opinion has a great future ahead. At 35, Cyril Abiteboul becomes the youngest F1 team boss. It is going to be an extremely interesting transition for the Caterham F1 team.
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