Vasseur becomes principal of growing Renault F1 team

Wed Jul 6, 2016 2:38pm EDT
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By Alan Baldwin

LONDON (Reuters) - Renault has appointed Frenchman Frederic Vasseur as principal of its British-based Formula One team which plans to add 100 staff to the payroll this year, Renault Sport Racing president Jerome Stoll said on Wednesday.

He added that a mid-season restructuring will also see Renault Sport Managing Director Cyril Abiteboul move to Britain from France to focus on improvements at the Enstone factory.

Vasseur, who started the season as Racing Director in a team with no official principal, will oversee day-to-day track operations at races and engine activities in Viry-Chatillon, near Paris.

"We also have the target of almost 100 extra personnel at Enstone this year as well as over 30 extra personnel at Viry," Stoll told the official website.

"This is not the work of a moment as we are targeting the very best people in their respective fields."

Renault had said when they bought the ailing Lotus team last December that it would add significantly to the factory workforce.

Stoll's comments made clear that Britain's recent vote to leave the European Union had not changed those plans.

He said Renault, drivers' and constructors' champions in 2005 and 2006 with Spaniard Fernando Alonso, was committed to a capital expenditure program over the next five years to return to the top.   Continued...

The new Renault RS16 Formula One racing car is seen during its official presentation at the company's research center, the Technocentre, in Guyancourt, near Paris, France, February 3, 2016. REUTERS/Benoit Tessie