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Lotus F1 CEO Patrick Louis steps down

A management reshuffle at Lotus F1 has resulted in Patrick Louis stepping down as Chief Executive Officer, a spokesman for the team has confirmed to Crash.net.Louis will remain on the board of Lotus and will take up a new position at Genii Automotive.Louis, who joined the team as Chief Operating Officer in 2010 when Genii Capital bought the operation from Renault, will be replaced as CEO by Matthew Carter who is supported by minority shareholder Andrew Ruhan, a property investor who bought an estimated two per cent stake in the team for one million pounds early last year.The management reshuffle comes after the team's hoped-for financial investment from Quantum Motorsports failed to...
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