Peter Sauber holds true to his word. On October 13, the founder and team principal of the Sauber F1 Team will step down on his 69th birthday to hand daily operations of the FIA Formula One team that bears his name to Monisha Kaltenborn.
“We decided a long time ago that Monisha would take over from me,” explained Sauber, “but we left the timing open. Now is a good time for both of us, so this is the right moment to pass on the baton”
I’m in no doubt that Monisha has all the necessary skills to be an outstanding Team Principal.
At 41, the first lady of Formula One will take the reins at the team principal for Sauber. She will now be the one who will be the one on pit wall for the rest of the 2012 season, and beyond. The new team principal Kaltenborn will assume the day-to-day running of Sauber F1 during the Korean Grand Prix.
She has already taken the seat in the team’s pit box when Peter Sauber did not attend a race. He said, “After all, there have been a number of races I’ve been unable to attend – most recently the Japanese Grand Prix, where the team put in an excellent performance. I’m in no doubt that Monisha has all the necessary skills to be an outstanding Team Principal, and I’m equally certain she will ensure that the values underpinning the company live on. That is very important to me.”
Kaltenborn already is the CEO of Sauber Motorsport AG since 2010, and more than proved that she is up to the task by handling the business operations. She started at Sauber to run the legal department back in 2000, and obviously Peter Sauber saw in Kaltenborn the drive and desire that matched his own. Last year, he transferred one-third of his company’s share to her name.
“Naturally I’m very aware of the major responsibility I have for Peter Sauber’s racing team,” said Kaltenborn. “He founded the team over 40 years ago, and in the spring it will be 20 years since Sauber lined up for its debut Formula One grand prix.”
Kaltenborn added, “We are the fourth-oldest team in Formula One. To build up a project like this and keep it alive in a difficult environment is a tremendous achievement. I have set my sights high and am committed to taking the team forward as Peter Sauber would want and leading it on to success.”
Peter Sauber is not leaving the company; he will remain as President of the Board of Directors for all companies under the Sauber Group.