Uncategorized

Red Bull finalises Mateschitz succession plan – Motorsport.com

Just a fortnight after Mateschitz passed away, Red Bull has settled on how the company will be controlled going forward.
It has been decided that strategic-operational responsibility at Red Bull will no longer be executed by a single CEO, as it did under Mateschitz, and will instead be divided among three people.
In a letter that Mateschitz’s son Mark sent to Red Bull staff, he explained that a solution “proposed by my father” and “supported by our Thai partners” would be put in place. The latter comment is a reference to the Yoovidhya family of entrepreneurs.
Red Bull’s business will therefore be taken care of in the future by a so-called Board of Directors, consisting of Franz Watzlawick (CEO Beverage Business), Alexander Kirchmayr (CFO) and Oliver Mintzlaff (CEO Corporate Projects and Investments)
Mateschitz Jr. added: “Franz, Alexander and Oliver were our dream team. I am very happy that they will be taking on this task.”
The division of responsibility means that F1 teams Red Bull and AlphaTauri will fall under the responsibility of Mintzlaff, who counts sponsorship among his new tasks, and Kirchmayr from now on.
With Kirchmayr being the new CFO in the Group, he will likely be the one who gives the thumbs-up or thumbs-down on all budgets.
A Red Bull statement read: “Following the passing of Dietrich Mateschitz we are pleased to learn of the appointment of Oliver Mintzlaff to CEO of Corporate Projects and investments. Although there won’t be any changes in the day-to-day with Oracle Red Bull Racing, we look forward to working closely with someone likeminded, who has such a strong pedigree in elite sports.”
Mintzlaff is no stranger to German sports fans. Most recently, he was chairman of the board of the Bundesliga soccer club RB Leipzig e. V. and managing director of RB Leipzig GmbH.
Prior to that, he was in charge of coordinating all of Red Bull’s global soccer commitments from 2014 until Leipzig’s promotion to the Bundesliga in 2016.
Before joining Red Bull, Mintzlaff was a long-distance runner. In 1999, he finished fifth in the German half-marathon championships and eighth in the 10-kilometre distance in 2001.
Sergio Perez, Red Bull Racing RB18
Photo by: Steven Tee / Motorsport Images
From 2000 to 2008, he worked for the sporting goods manufacturer Puma, and later as a player consultant and manager, among other things.
It is thought unlikely that Red Bull’s F1 operations will change much as a result of the new senior management structure, especially with F1 team boss Christian Horner having helped lead the squad back to its first championship double since 2013.
Speaking recently, Horner said that Mateschitz had ensured that the long-term future of Red Bull’s F1 operations was secure.
“The future is set,” said Horner when asked if any changes would follow Mateschitz’s death.
“He’s put in place a very strong foundation for the future. And with, in 2026, Red Bull becoming a power unit manufacturer, that was the missing piece of our jigsaw, and he had the vision to enable that to happen.
“And just as we’ve done with the chassis, we will take that same spirit, his spirit, into the future engine company.”
Why Hamilton changed his mind about racing in F1 after 40
Alpine: F1 2022 engine performance gain worth reliability risks
Magnussen: “No problem” with Hulkenberg as 2023 F1 teammate
Ferrari: Mercedes’ development rate not a worry for F1 2023
The unavoidable element that all F1 drivers need to rise above
Horner: Red Bull spoke to Norris “a couple of times” about F1 seat
Christian Horner says that Red Bull spoke to Lando Norris “a couple of times” about a potential Formula 1 seat prior to his contract extensions with McLaren.
2022 MotoGP Valencia GP: Start time, how to watch & more
The 2022 MotoGP title fight is set to be decided in Spain. Here’s how and when you can watch the Valencia Grand Prix on Sunday, November 6.
Live: Watch the first round of WSK Final Cup
The opener of the WSK Final Cup in Sarno counts over 200 drivers at the start. A lot of champions will be present in all categories. Live TV coverage on Motorsport.tv.
Motegi SUPER GT: Impul ends Nissan’s title drought in dramatic finale
Nissan claimed its first SUPER GT title in seven years after Impul duo Bertrand Baguette and Kazuki Hiramine finished second to Kunimitsu Honda’s Tadasuke Makino and Naoki Yamamoto in the Motegi decider.
The type of F1 world champion record-breaker Verstappen has proved to be
OPINION: Max Verstappen’s 2022 Formula 1 season was already very memorable given his title success. Now, he’s secured a unique championship achievement with his Mexico win. But what exactly has this year taught us about the type of champion he has become?
Mexican Grand Prix Driver Ratings 2022
Only the one perfect score, and no prizes for guessing who, as a strategic Mexican Grand Prix saw a few Formula 1 drivers grab their opportunity to shine, while others were left wanting more on a challenging race weekend
The nine reasons why the 2022 Mexican GP wasn’t a better F1 race
For a Formula 1 race with so much promise and potential, a dominant and record-breaking 14th victory for Max Verstappen somewhat undersold the Mexican Grand Prix. But full credit must go to the reigning world champion and his Red Bull squad for masterminding a thumping performance, along with a handful of other critical factors which worked in their favour.
Can home hero Perez provide Mexico’s latest magic F1 moment?
In the long history of Mexican involvement in F1 there has yet to be a Mexican winner of the Mexican GP. Is that about to change, asks BEN EDWARDS?
The compromises involved in delivering optimal F1 ride quality
Ride quality as a concept is often misunderstood. PAT SYMONDS clarifies exactly what it means and explains its importance in racing cars – especially in a Formula 1 context
How early struggles and Red Bull rejection equipped Perez for F1’s top team
The 2022 Mexican Grand Prix will celebrate the 60th anniversary of Formula 1’s first visit to the country in 1962, when local hero Ricardo Rodriguez was killed in a non-championship event at the circuit known today as the Autodromo Hermanos Rodriguez. No Mexican driver since has had the potential to win their home grand prix, but Sergio Perez aims to change that – as OLEG KARPOV discovers.
Has the US GP already left expectations tempered for F1 in 2023?
OPINION: In the latter stages of 2022’s Formula 1 season, Max Verstappen has proved irrepressible as he collected another inspired win at the US Grand Prix. With Red Bull at the top, Ferrari losing its edge, and Mercedes still in recovery, hopes of a two- or three-way battle for 2023 look increasingly slim
Why Hamilton could be wrong: Mercedes 2022 F1 win chances aren’t over
OPIONION: Max Verstappen hunted down and defeated Lewis Hamilton in last weekend’s US Grand Prix at Austin – in scenes that were very 2021 after Red Bull botched his second stop. That led to Hamilton effectively declaring Mercedes’ chances of winning a Formula 1 race in 2022 to be over. But might there actually be hope yet for the Silver Arrows?

source

Leave a Comment

Your email address will not be published.

You may also like