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.

McLaren legend Tyler Alexander dies aged 75

Hamilton v Prost v Schumacher

Eric Silbermann: A winter's tailwind

Use the red tabs on either side of the screen to scroll through more Formula One news and features

Five things to look forward in F1 in 2016

Key dates for the 2016 F1 season

Keep up to date with all the F1 news via Facebook and Twitter

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.

Recent Posts

Hamilton delighted with ‘consistently strong day’ in Vegas

Lewis Hamilton was particularly happy with his opening day of running at the Las Vegas…

39 mins ago

Verstappen stuck with 'draggy' rear wing for Vegas

Red Bull fears that its prospects for this weekend's Las Vegas Grand Prix - which…

1 hour ago

Ferrari and Mercedes admit to plank changes based on FIA’s TD

Ferrari and Mercedes have both modified their car’s floor element in Las Vegas to comply…

2 hours ago

Las Vegas GP: Hamilton continues on top in second practice

Lewis Hamilton put Mercedes on top of the timesheets for the second time in Las…

3 hours ago

2024 Las Vegas Grand Prix Free Practice 2 - Results

Full results from Free Practice 2 for the Las Vegas Grand Prix at Las Vegas,…

3 hours ago

Leclerc confident Ferrari ‘has a shot’ at F1 Constructors’ title

Charles Leclerc believes that Ferrari has a genuine “shot” at beating rival McLaren to Formula…

4 hours ago