News Details
Sauber CEO Kaltenborn handed third of team
Sauber CEO Monisha Kaltenborn has been gifted a third of a stake in the team's parent company Sauber Group by team principal and founder Peter Sauber. The Swiss 70-year-old will retain the remaining two thirds of the company.
He said the move was in the interests of continuinty at the team.
'When BMW pulled out of Formula One in 2009, Monisha Kaltenborn was instrumental in the team's survival and since then she has been doing outstanding work in her capacity as CEO,' said Peter Sauber. 'Transferring one third of the stake to her represents an important step for me in providing continuity.
'My desire is to ensure that the company continues to be led as I would want over the long term....
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14y ago from ManipeF1.com
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