LONDON: John Booth replaced Alex Tai as Virgin Racing team principal on Tuesday, less than a month after British entrepreneur Richard Branson launched the Formula One newcomers.
The team, whose entirely digitally-designed car has yet to turn a wheel on a racetrack, added in a statement that Graeme Lowden would take the role of chief executive.
Booth is the founder of British-based Manor Motorsport, who have a strong record in junior series and secured the original Formula One entry before doing a deal with Virgin, and was previously sporting director.
Virgin Racing said the change was “part of the planned evolution of the team and continued development of the business.”
“These appointments reflect our long-term commitment to fully addressing the complexity and challenges of the newbusiness and to creating a team with the appropriate skills and experience to ensure its sustainable success,” added team chairman Etienne de Villiers.
Tai will continue as director of special projects for Branson’s Virgin Group.
Virgin Racing are one of four new teams due to make their debuts when the season starts in Bahrain on March 14.
Tai said on December 15, at the formal launch, that Virgin Racing was fully funded for the season ahead. The team have signed Germany’s Timo Glock and Brazilian Lucas di Grassi as their drivers. Investors include the private equity arm of Britain’s bailed-out Lloyds Banking Group.
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