The Caterham F1 team confirmed today that team principal and team owner Tony Fernandes is to step down from his at the F1 before the end of the season in order to focus his attention on his other business interests specifically Caterham Cars recent link up with Renault Cars.
Fernandes brought the Lotus name back to Formula One in 2010 when his group became one of the three new team's in Formula One. The team became Caterham last year when Fernandes bought the British car company Caterham after losing a naming right's row with Group Lotus.
Lengendary Technical chief Mike Gascoyne made his Formula One return with the team in 2009, however he has since moved across the the car division side of the business.
It is going to be extremely interesting to see who takes over at the helm of Caterham. The team has achieved some impressive results however are yet to score a point in the championship, however I believe that they will be in a position to challenge for points during next year's campaign. In my opinion, out of the three new team's involved in the sport Caterham have the most complete package and have laid all the foundations for a successful future.
The team moved to a new facility earlier this year when they took over the old Arrows and Super Aguri factory in Leafield in the UK so it only a matter of time before they achieve some good results, but like everything it will take time.
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