Peter Sauber has confirmed he will step down as Team Principal of the Sauber F1 team towards the end of the 2012 season.
Swiss to retire from role as Team Principal late in the season
Peter Sauber has confirmed he will step down as Team Principal of the Sauber F1 team towards the end of the 2012 season.
The Swiss will turn 69 in October and feels he has reached an age where he wants he wants to retire. However, he has ruled out selling the team.
Sauber formed his Formula One team in 1991, but took a back seat in 2005 when BMW bought a 60% share of the company.
However, when BMW withdrew from the sport in 2009, Sauber stepped in and bought the team back from the German manufacturer to stop it disappearing from the F1 grid.
"I always said I would no longer be on the pit wall when I'm 70," the Swiss told
German newspaper Der Sonntag.
"My successor is already decided. Monisha Kaltenborn will be our new head. This is certain. Quite when she will take over is not yet decided.
"Monisha will become the first female F1 team boss in history. She has been with us for 13 years, always in a leading role. I am confident that she will do a very good job."
Sauber plans on making the most of his second retirement, after a life spent on the move.
"My wife and I will be sure to travel. I've been racing for 42 years. It has long been accepted that I am always on the go.
"But when I'm retired I want to play more golf, and hope to lower my handicap from 36."
