Graham Macdonald has today been appointed as the new CEO of the Caterham Group, taking the reins from Riad Asmat and assuming responsibility over all arms of the group, including F1.
Macdonald, previously CEO of Caterham Cars, will now oversee a range of aspects, including the Formula One team and Mike Gascoyne’s Technology and Composite departments.
The Scotsman has taken charge at an exciting time for the Oxfordshire based group, with an array of ventures taking place across a broad range of markets. The introduction of a new Caterham road car and an SUV, paired with airline projects and a Moto2 team for 2014 are set to keep Macdonald busy.
“The last year has been a whirlwind for me at the head of Caterham Cars and I’m honoured to be asked to elevate my role for the whole of the Caterham Group,” said Macdonald of his new role. “Caterham is going through a revolution in terms of its brand proposition and status so to be at the forefront of that change is a once-in-a-lifetime opportunity for me.”
After parting company with Riad Asmat, the Caterham Group Chairman Tony Fernandes believes Macdonald is the right man to help the group evolve during a busy period for them.
“In the short time that Graham has been at the helm of Caterham Cars in what is a fascinating period of change for the brand, he has been a dynamic and steadfast leader,” added Fernandes. “His experience and dedication is exactly what we now need to drive the Group forward into its next, exciting chapter.”