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Caterham confirms 'restructuring'

NEWS STORY
17/07/2014

Caterham has officially confirmed that a number of new appointments have been made... while a number of employees have also "parted company".

According to a brief statement issued this morning, 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, who has previously worked with Jordan, Renault, Ferrari and McLaren before joining Caterham (and Caterham Cars) as Performance Director and who was subsequently put in charge of the Advanced Projects Group before being appointed Head of Performance Engineering, 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.

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