Renault Sport Racing president Jerome Stroll has called 2016 a “year of transition” for the French manufacturer as it returns to Formula 1 as a constructor.
Renault last raced with its own team back in 2010, but will return this year after buying Lotus F1 Team and unveiling its new operation on Wednesday.
Kevin Magnussen and Jolyon Palmer will race for Renault Sport F1 Team in 2016, while Esteban Ocon has joined as reserve driver.
Speaking at the launch of the team in France, Stroll said that Renault is not expecting immediate success, setting a rather modest target of returning to the podium in three to four years.
“2016 will be a very specific year because we have to set back all the organization that used to be,” Stroll said.
“Renault has been involved in the supply of engine only, not being a team, and now we have to reconcile and set up the new organization between Enstone in the UK and Viry in France and to make this organisation work more efficiently and having the synergy of both organisations.
“[We have] to prepare the roadmap that we have in mind which is to be in the podium after three or four years. So 2016 will be a year of transition where we have to prepare our future.”