Albers departs role as Caterham team principal

Former F1 driver Christijan Albers has left his position as Caterham team principal less than two months after taking over the day-to-day running of the team. Deputy Manfredi Ravetto will assume Albers' duties with immediate effect.

Albers, who is leaving for ‘private reasons’, was appointed as part of a management takeover completed at the start of July, following the sale of the team by former boss Tony Fernandes to a consortium of Swiss and Middle Eastern investors.

“Over the past months I have dedicated all my energy to ensure the takeover of the team would go as smoothly as possible and to achieve the best possible result for our investors, sponsors and all the people involved with Caterham F1 Team,” said Albers following Sunday’s Italian Grand Prix.

“As such I worked tirelessly to reconstruct the team while, at the same time, making technical updates on the car. In doing this we created both a better foundation for the team's future and achieved significant improvements on the speed of the car.

“Due to private reasons and in order to be able to spend more time with my family, I will resign from my position as CEO of Caterham F1 Team. I wish the team all the best in the future."

Caterham have endured a tough 2014 campaign, with Marcus Ericsson’s 11th place in Monaco their best result to date. They have yet to score a world championship point and lie 11th in the constructors’ standings.

“Christijan has been an asset to the team since the moment he joined,” added Ravetto. “It’s been a challenging last few months, but we have moved forward together and we want to thank him for his hard work and commitment to the team. We wish him the best for the future.”