F1: Albers named Caterham team principal as team restructure continues
Jul 17, 2014 at 9:22a ET
Caterham F1 has revealed further details of its management restructuring, confirming that Christijan Albers now officially has the team principal role. The Dutchman was initially announced as CEO.
In addition, John Iley has become technical director, having previously held the title of performance director, while former Ferrari and Group Lotus man Miodrag Kotur joins as team manager.
Kotur was formerly Jean Todt's right hand man at Maranello, and was part of the 'dream team' of the Schumacher era.
A number of staff members have left Caterham in recent days, including some key technical people.
A statement from the team said: "Christijan Albers is now Team Principal, supported by Manfredi Ravetto, General Manager and Deputy Team Principal. Simon Shinkins has also joined the team as COO, as well as Miodrag Kotur who is now Team Manager. Michael Willmer is the team's new Director of Legal Affairs and Gianluca Pisanello is promoted to Head of Trackside Engineering. Finally, John Iley is now the team's Technical Director, leading the work being done to improve the 2014 car and the 2015 new car project.
"The team has also confirmed that it has parted company with a number of employees. This is a necessary step taken by the new owners of Caterham F1 Team whose priority is the future of the team. No further comment will be made at this time."