by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
GP Week : Issue 154
Already one of the most prominent women in motorsport thanks to her role as CEO of Sauber, Monisha Kaltenborn this week made headlines with the news she had been given a one-third stake in the team. Team owner Peter Sauber has made no secret of the fact that he views Kaltenborn as his natural successor, last month telling the press that he intended to hand the reins over to her at his eventual retirement. This latest development, which sees the Indian- born lawyer take a 33 percent share in the Sauber Group, underlines the continuity in that succession. “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,” Peter Sauber said. “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. Monisha Kaltenborn and my son Alex, who joined the company as Marketing Director in 2010 and has since also been a member of the Board of Management, both embrace this aim. It means we can offer our employees a positive outlook for the future.” Sauber under went a period of upheaval after BWM’s shock withdrawal from Formula One at the end of 2009, and the team’s senior personnel have worked tirelessly to promote an atmosphere of security and continuity amongst their staff. By beginning the transfer of power now with a symbolic transfer of ownership, Peter Sauber is ensuring the long-term stability of his team. Kaltenborn is well aware of her responsibilities as CEO and stakeholder, saying only: “For me this step is a mark of the greatest possible trust, which I will do everything in my power to justify.” Kaltenborn has been with Sauber since 2000, when she took on the task of managing the Swiss team’s corporate and legal affairs. In 2001, she joined the managing board. Ever since, Kaltenborn has been integral to the day-to-day running of Sauber. SAUBER SUCCESSION PLAN GATHERS PACE F1 >>> NEWS 6 GPWEEK.com // PARTNERS: