YEONGAM, South Korea (AP) -- Monisha Kaltenborn will replace Peter Sauber at the helm of the Swiss-based Sauber team to become Formula 1's first female team principal.
The team said Thursday at the Korean Grand Prix that the 41-year-old Kaltenborn, who was previously chief executive, will take over Sauber's day-to-day duties running the team.
Sauber, who will be 69 on Saturday, had previously said he intends to step back before turning 70.
"I'm in no doubt that Monisha has all the necessary skills to be an outstanding team principal," Sauber said. "And I'm equally certain she will ensure that the values underpinning the company live on. That is very important to me."
Sauber, which made its F1 debut in 1993, has had four podium finishes in 15 races so far this season, including Japanese driver Kamui Kobayashi's third-place finish at his home Suzuka circuit on Sunday.
"Naturally I'm very aware of the major responsibility I have for Peter Sauber's racing team," said Kaltenborn, who joined the company in 2000 to run the legal department.