Christijan Albers has resigned as team principal of Caterham after being in charge of the team for only two months. Manfredi Ravetto will take over with immediate effect.
“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,” he said.
“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. I wish the team all the best in the future.”
Reports suggest Albers has left the team due to lack of funding from the potential investors. This has left the future of the team uncertain.
