Monisha Kaltenborn, CEO of Sauber Motorsport AG and responsible for business operations at Hinwil since early 2010, will take on the additional role as the first female team principal in Formula 1, starting at this weekend’s Korean Grand Prix. Outgoing boss Peter Sauber, who entered F1 in 1993, will remain as Sauber group’s president of the board.
According to Peter Sauber, “We decided a long time ago that Monisha would take over from me, 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. 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.”
Monisha Kaltenborn, an Austrian of Indian origin, joined the company in 2000 to run the legal department, was appointed a Member of the Board of Management not long afterwards, and took over as CEO in January 2010. In late 2011 Peter Sauber transferred a third of the company’s shares into her name. She said, “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.”