12/01/2010
NEWS STORY
Virgin Racing has confirmed the appointment of John Booth as Team Principal. He will replace Alex Tai, who occupied this role during the launch phase of the team.
As part of the planned evolution of the team and continued development of the business, Tai has handed on the role of CEO and Team Principal of Virgin Racing to return to his passion for new ventures. Booth previously held the position of the team's Sporting Director and he was also the founder of Manor Motorsport.
"John's impressive racing pedigree and reputation is beyond question in the critical role of Team Principal," said Etienne de Villiers, Chairman of Virgin Racing. "John will be joined by Graeme Lowdon as CEO who previously held the position of Director of Racing. He was one of the founders of the original Manor Grand Prix team and a key architect of its successful formation last year. Graeme has a proven track record with Manor Grand Prix and is a formidable operator with an excellent reputation in the sport. Their combined experience and expertise make them the ideal candidates to lead the Virgin Racing team as we head into an exciting first season."
"These appointments reflect our long-term commitment to fully addressing the complexity and challenges of the new business and to creating a team with the appropriate skills and experience to ensure its sustainable success," he continued."
"We knew this day was coming but we are still sorry to see Alex move on from his executive duties. He will continue in his role as Director of Special Projects for Virgin and will retain a close relationship with the team. We would like to express our sincere gratitude to Alex for his support, energy and commitment from the outset and we look forward to his continued contribution to the business."
"Finding new opportunities and the challenge of starting new ventures is where my focus and interest lies," said Alex Tai. "I am proud that we have taken the team from concept to reality in a short period of time and I am confident that Virgin Racing will be in trusted and experienced hands."