Renault Sport Formula One Team has announced Frederic Vasseur has resigned from the team principal on the eve of the 2017 season.
Frederic Vasseur says differences of perspective among Renault’s senior management about its direction in Formula 1 were behind his reasons to resign from the team.
2016 season for Renault in the Formula One scene had some serious issues. Renault’s driver Kevin Magnussen ended up in 16th spot with just 7 points. On the other hand, Driver Jolyon Palmer found the 19th position with a single point. Although that was forecasted after Renault’s late takeover of a Lotus outfit which had waned financially in 2015.
Vasseur got into the team as the racing director after the Lotus acquisition. Further, following his management success in junior categories and was seen as a vital part of Renault’s rebuilding campaign.
During the summer break, Vasseur was made team principal, putting him in charge of performance and results of the team. On the other hand, Cyril Abiteboul shifted to a factory role at Enstone. Also, Vasseur played a significant role in persuading Nico Hulkenberg from Force India for the 2017 season.
In a statement released by Renault its mentioned that after a first season used up in relaunching and rebuilding its Formula One team, Renault Sport Racing and Frederic Vasseur have agreed by mutual consent to part ways, effective as of today. Both parties should remain committed to maintaining the good working relationship they have enjoyed. Further, expect this to take a new form sometime in the future.
The disclosure comes with just over six weeks left for the first winter race in Barcelona, which will kick-start on February 27.