Unlock the Editor’s Digest free of charge
Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.
Crimson Bull has sacked Christian Horner, changing him on the helm of one of the crucial profitable racing groups in Formulation 1 and ending a reign that introduced championships but in addition controversy.
Horner, who was the longest-serving staff boss on the grid, has been changed by Laurent Mekies as chief govt of Crimson Bull Racing, the staff stated in an announcement on Wednesday.
Horner, who grew to become staff principal in 2005, was on the centre of controversy final yr when a feminine workers member accused him of inappropriate behaviour. Horner denied wrongdoing and was cleared after Crimson Bull appointed a barrister to research.
Crimson Bull’s efficiency has slumped this yr after the departure of designer and engineer Adrian Newey, a key determine within the staff’s success.
Oliver Mintzlaff, chief govt of Crimson Bull’s company tasks and investments, thanked Horner for his “distinctive work” over the previous 20 years.
It is a creating story