Friday, October 30, 2009

Lotus F1 name CEO

Malaysia's Lotus Formula One team have appointed Riad Asmat as chief executive. Asmat, who was general manager at state-owned Proton.

Holdings Berhard overseeing its motorsport programme, will take charge at the team included as the 13th entry on the starting grid for next season.
The Malaysian-backed team, which was launched last month, are aiming for a roll out of the new car in mid-February to test it before the season opener in Bahrain in March.

"Riad's expertise, which is a good blend of both corporate experience and motorsports knowledge, will provide the dynamic and success-oriented leadership that the Malaysian team requires," team principal Tony Fernandes said in Sepang.

"I'm confident that his knowledge of motorsports coupled with vast experience will contribute to the success of the 1Malaysia F1 Team."

Lotus F1 is a partnership between the Malaysian government and a consortium of Malaysian entrepreneurs.
"All of us in the 1Malaysia Formula One Team understand that this is a very important first step for the nation," Asmat said.

"We'll make it our key objective to build a very strong and robust foundation moving forward."

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