Cyril Abiteboul, who became CEO of Caterham F1 in September, has been promoted to the role of team principal.
The former Renault man replaces team founder Tony Fernandes, who is focussing on the Caterham Group and his other businesses.
Fernandes said: “The strategy for the establishment and growth of Caterham Group has now reached the stage where we can step back from the day to day running of the F1 team in favour of Cyril who will be able to dedicate himself full time to the role and work closely with Riad [Asmat] to help take our automotive interests into the next stage of their growth.
“[Cyril] has extensive experience in F1, he is extremely well respected and he shares our vision for what we want our team to achieve. He takes over during a season when we have not yet fulfilled our potential, but at a time when we have everything in place to help us do so. One day we will earn our seat at the top table of Formula 1, and he is the right person to take us there.”
Cyril Abiteboul added: “We have big challenges ahead of us but the shareholders are committed and behind us to help us take significant steps forward over the coming years, and one day challenge for the highest honours in F1.”