Writer: Red5 
Date:Thursday November 8 2012
Time: 11:17AM
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Caterham name new team principal
Following on from the news that Tony Fernandes was stepping down as team principal for the Caterham F1 team (Previous Article Click Here).
Cyril Abiteboul has been named as the teams new team boss.
Abiteboul was the teams CEO and he takes the promotion with immediate affect.
'I am honoured to take over as Team Principal, now combining that role with the CEO post I took up in September 2012, and I would like to thank Tony and Kamarudin for the chance to lead this team into the next phase of its growth,' he told Sky Sports.
'We have big challenges ahead of us but the shareholders are committed and behind us to help us take significant steps forward over the coming years, and one day challenge for the highest honours in F1. We have an incredible spirit within the team and that has been created by Tony and Kamarudin. This spirit, allied to a strategic vision that gives us a clear path to success, is what will keep driving us forwards and we all look forward to the day we can make the dreams our shareholders had several years ago come true.'
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