Posted on May 16, 2012

Peter Sauber has put the first stage of his succession plan in place by transferring one third of the shares in his Formula 1 team to CEO Monisha Kaltenborn, citing the desire to retain “continuity” for the Hinwil outfit into the long term. Indian-born Kaltenborn has been with the Hinwil-based outfit for over a decade having initially joined to head up its legal department but has was given a front-line chief role by Sauber when the veteran retook control of his eponymous team at the end of 2009 following BMW’s sudden pull-out, becoming Formula 1’s first female chief executive. Sauber More…

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