Neil Ressler takes over at Jaguar

Jaguar Racing yesterday announced Neil Ressler as the new chief executive officer of the team. Currently chairman, Ressler will take over as chief executive immediately and will have full responsibility for the team at this weekend's Spanish Grand ...

Neil Ressler takes over at Jaguar

Jaguar Racing yesterday announced Neil Ressler as the new chief executive officer of the team. Currently chairman, Ressler will take over as chief executive immediately and will have full responsibility for the team at this weekend's Spanish Grand Prix.

Speaking in Barcelona today, Ressler said, "Following Paul Stewart's understandable decision to relinquish his responsibilities as chief operating officer, it was important that we acted quickly to restructure the management of the team. Jaguar Racing has an experienced and dedicated group of executives and we are all now totally focused on realising the potential of the Jaguar R1 and our two drivers - Eddie Irvine and Johnny Herbert."

The 60-year-old American will continue as chief technical officer of the Ford Motor Company. However, day-to-day supervision of his global research and vehicle technology responsibilities will be assumed by Will Boddie (Vice President - Global Core Engineering) and Bill Powers (Vice President - Research).

Ressler worked closely with Jackie Stewart on the development of the Formula One team and was appointed chairman of Jaguar Racing when Jackie announced his decision to step down as chairman and chief executive officer in January this year. Ressler will now combine the roles of chairman and chief executive officer.

Jaguar Racing also announced today that Dr Wolfgang Reitzle, chairman of Jaguar Cars, and Jonathan Browning, Jaguar's managing director, will both join the board of Jaguar Racing. Richard Parry-Jones (Ford Motor Company's Group Vice-President, Global Product Development and Quality) will join them on the board.

Jackie Stewart remains a member of the Jaguar Racing board and will continue to work with commercial director Rob Armstrong on the sourcing and servicing of partner sponsors. His unique knowledge of Formula One and driver issues will remain available to the team. A head of marketing will also be appointed to further strengthen the team.

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