Ansar Ali will leave his post as Caterham Cars CEO.The Malaysian owned Caterham Group (parent company of Caterham Cars, Caterham F1 Team, Caterham Composites and Caterham Technology & Innovation) has confirmed that Graham Macdonald, previously CFO of Caterham Cars, will step up to the role of CEO.

Ali leaves the business “by mutual consent”. He controlled Caterham Cars following a 2005 management buy-in from the Nearn family who originally founded Caterham. Ansar oversaw a program which initiated a fundamental shift in the engineering focus of the business, a move which revitalised the iconic Seven range. He also brought stability to the business. Tony Fernandes and friends bought Caterham in April 2011.

“I want to take this chance to thank Ansar for everything he has done for the Caterham brand over many years. Without his leadership Caterham Cars would not be the world renowned, profitable business it is today and we would almost certainly not be working under the Caterham name if he had not initiated the discussions with us that led to the enviable position Caterham finds itself in today,” said Tony Fernandes, Caterham Group Chairman.

“Now we move on to the next phase of the expansion of Caterham Group and Caterham Cars. Graham is the perfect person to take over and lead the company and his experience and dedication will help us make a smooth transition into the next chapter of the Caterham Cars story,” he added.