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."