Caterham F1 CEO Cyril Abiteboul has taken over from Tony Fernandes as team principal with immediate effect.
Group chairman Fernandes endorsed the move, saying: 'Cyril is going to be an excellent team principal.
'He has extensive experience in F1, he is extremely well respected and he shares our vision for what we want our team to achieve. He takes over during a season when we have not yet fulfilled our potential, but at a time when we have everything in place to help us do so.
'One day we will earn our seat at the top table of Formula One and he is the right person to take us there.'
Abiteboul, 35, joined the team last month having been deputy managing director of Renault Sport F1.
'We have big challenges ahead of us but the shareholders are committed and behind us to help us take significant steps forward over the coming years, and one day challenge for the highest honours in F1,' he said.
'We have an incredible spirit within the team and that has been created by Tony and Kamarudin. This spirit, allied to a strategic vision that gives us a clear path to success, is what will keep driving us forwards and we all look forward to the day we can make the dreams our shareholders had several years ago come true.'
2012 F1 season
- Lotus lead with Valsecchi as Young Drivers' Test ends
- Hungaroring plans track tweaks and new deal to 2021
- Cyril Abiteboul takes over as Caterham team principal
- Da Costa quickest as Young Drivers' Test continues
- Fans' videos from the 2012 Indian Grand Prix
Browse all 2012 F1 season articles
Image © Caterham/LAT
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