Categories: F1 News, Reports and Race ResultsRenault

Renault nominates new directors

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Renault have formally begun the process of installing new directors at the helm of its Formula 1 squad following the takeover of the Lotus F1 Team from previous owner Genii Capital Group.

Renault announced in December that Jérôme Stoll had been nominated as President of Grigny (UK) Ltd, a subsidiary of the French manufacturer which will operate the F1 team, while Renault Sport F1 managing director Cyril Abiteboul will remain as a director of the entity.

Former Lotus F1 Team owner and CEO of Genii Capital Gérard Lopez will retain a 10% interest in the new structure.

This week, Renault announced that on December 18, it had added to Grigny's board of directors both Cyril Abiteboul and Renault Group's director of financial operations Thierry Cognet (pictured above with Abiteboul).

The newly appointed directors replace Genii's Eric Lux and Lotus F1 investor Andrew Ruhan, who both resigned from their directorship back in December.

It is expected that Renault will divulge in early February the entire organisation structure for its F1 outfit as well as its commercial partners, its formal name change from Lotus to Renault and the livery of its new Grand Prix contender.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.