Virgin Racing reshuffles management team after less than a month 13/01/2010 |
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John Booth has replaced Alex Tai as team principal of the Virgin Racing Formula 1 team less than a month after its launch.
Booth was previously sporting director and is the founder of Manor Motorsport, which was granted one of the new F1 grid slots for 2010 before it was rebranded as Virgin Racing.
Graeme Lowden, who was the team’s director of racing, will take the role of chief executive as part of the reshuffle.
News of the changes comes amid rumours that the team is struggling to find a title sponsor, with companies concerned that their involvement would be overshadowed by the Virgin brand.
However, Virgin claims the rejig was “part of the planned evolution of the team and continued development of the business”.
Etienne de Villiers, chairman of Virgin Racing, said: “John’s impressive racing pedigree and reputation is beyond question in the critical role of team principal.
“Graeme has a proven track record with Manor Grand Prix and is a formidable operator with an excellent reputation in the sport.
“Their combined experience and expertise make them the ideal candidates to lead the Virgin Racing team as we head into an exciting first season.”
Tai will continue as director of special projects for Sir Richard Branson’s Virgin Group. He has worked for Branson since 1995, and was the chief operating officer of Virgin Galactic prior to his brief spell in F1.
Tai added: “Finding new opportunities and the challenge of starting new ventures is where my focus and interest lies.
“I am proud we have taken the team from concept to reality in a short period of time and I am confident Virgin Racing will be in trusted and experienced hands.”
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