Renault Sport Formula One Team has announced a managerial structure shakeup for the remainder of the season and beyond, as the manufacturer has made its fully fledged return to the sport this year as a constructor.
The Enstone-based squad announced the changes via a Q&A with Formula 1’s official website. Jerome Stoll, president of Renault Sport Racing, confirmed the changes that will see a couple key individuals moving around.
Frederic Vasseur (pictured right) has been Renault’s racing director and now takes on the official title of Team Principal, where he’ll manage all the team’s at-track activities and day-to-day management at Viry-Chatillon.
Cyril Abiteboul will remain as Managing Director but will work to align Viry and Enstone, and will soon be moving to the UK.
Stoll said the moves are made with a long-range viewpoint in mind, as the team looks to progress and move forward up the grid. Thus far, a seventh place from Kevin Magnussen at Russia has been the team’s only points score this year, while rookie Jolyon Palmer has yet to crack the top 10.
“Next year we are targeting top five in the constructors’ championship; the year after we want to be regularly fighting for podiums,” Stoll said. “By 2020 we want to be fighting for the championships with the best power unit and best chassis in the sport. This is what we want to achieve.”