Oct.11 (GMM) Peter Sauber has handed over the role of team principal to Monisha Kaltenborn, making her the first female boss on the pitwall.
The Swiss squad announced in a statement that, two days ahead of his 69th birthday, founder Peter Sauber "is stepping back from the day-to-day running of the team".
Sauber will stay as president of the board of directors and remain responsible "for the group's strategic direction", the media statement added.
"Now is a good time for both of us, so this is the right moment to pass on the baton," 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," added Sauber.