F1: Sauber appoints first female team principal, Monisha Kaltenborn
YEONGNAM, South Korea (AFP) - Monisha Kaltenborn became the first woman team principal in Formula One on Thursday when she took over from founder Peter Sauber with immediate effect after he decided to step down from day-to-day management.
Sauber had always made it clear that he did not wish to be running the team when he turned 70. He will be 69 on Saturday.
Sauber will continue in his capacity as president of the board of directors of all Sauber Group companies and remain responsible for the group's strategic direction, a team statement said.
"We decided a long time ago that Monisha would take over from me, but we left the timing open," Sauber, one of the biggest names in Formula One, said in the statement.