Mike Gascoyne has agreed to stay with Lotus Racing/Team Lotus until at least the end of 2015.
The news does not come as a huge surprise, but clearly signals that he is happy with current arrangements. Gascoyne also says that it will be the last team he works for.
“Having started the team from scratch with Tony it was always my intention to finish my career here, so it’s great to have formally agreed a five year deal,” he said in a team statement. “I’d like to extend my sincere thanks to Tony, Din, Nasa, Riad and the whole team, and I’m extremely grateful to everyone involved in Lotus Racing for having the confidence to take this into a long-term contract. We’ve had a great start to our partnership together, and I’m looking forward to continuing that for the next five years, and even beyond that.”
Team Principal Tony Fernandes added: “Mike’s five year deal is a major announcement for the whole Lotus Racing team. It shows just how serious we are, not only about how far ahead we are setting our aspirations, but also as a reward to Mike for the incredibly hard work he and the team have already put in to get us from literally four people back in September ’09 to our current position as a serious F1 player with a very bright future ahead of us. On a personal level, I’ve really enjoyed the last year that we’ve been working together, and I’m very excited about working with Mike for many years to come.”
Adam Cooper F1 
I like that. From the way he presents himself in interviews I’ve always perceived Mike as a pretty sharp character. It was a puzzle why he seemed to wear out his welcome at a couple of other F1 teams he did work for. Anyway, best of luck for the next five years at “Team Lotus”.
Not to be disrespectful toward him, but Gascoyne seems to me the kind of man who leave the team when the fight goes higher. He left Renault in 2004 when the team started asking for more, he also left Toyota for the same reason in 2006. From my point of view Lotus is the perfect team for him: not too much expectations and he would also avoid pressure