In a surprise move Peter Sauber has transferred a one-third stake in the Sauber Group to his CEO, Monisha Kalternborn.
The team says the deal has been done “in the interests of continuity.” Sauber retains the remaining stake and is still team principal and president of the group.
“When BMW pulled out of Formula One in 2009, Monisha Kaltenborn was instrumental in the team’s survival and since then she has been doing outstanding work in her capacity as CEO,” Sauber said in a statement.
“Transferring one third of the stake to her represents an important step for me in providing continuity. My desire is to ensure that the company continues to be led as I would want over the long term. Monisha Kaltenborn and my son Alex, who joined the company as Marketing Director in 2010 and has since also been a member of the Board of Management, both embrace this aim. It means we can offer our employees a positive outlook for the future.”
Kaltenborn added: “For me this step is a mark of the greatest possible trust, which I will do everything in my power to justify.”
Adam Cooper F1 
I’m having a shocka, but OK. One day with their skills to pay the bills and dermination Sauberistas will fly very high, over the hills and far away, perhaps, even over the rainbow!