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Kaltenborn to exit Sauber? (15:54)
Kaltenborn to exit Sauber?
On Monday TJ13 reported that Sauber had secured investment from Investment Corporation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies. At the time speculation was rife that Sauber’s team principal, Monisha Kaltenborn, will be replaced and one of the names tipped for the job was Nicolas Todt.
Today German newspaper Blick reports that the Russian pay masters, who will be investing a reported 470 million Swiss Francs in the team, will be asking for a seat on the board. Details of the investment is minimal but it appears Kaltenborn will become the sacrificial lamb and be replaced.
According to Sonntagszeitung, majority team owner Peter Sauber is pushing for a Swiss CEO and the names being mentioned are Franke CEO Michael Pieper, Phonak’s Andy Rihs and Denner’s Philippe Gaydoul. How this will work and if it also means a replacement of team principal remains to be seen… Kaltenborn may just be walking away with a few million Francs for her trouble to set up the rescue deal…