Caterham Group CEO Ansar Ali has stepped down from his position ‘by mutual consent’, it has been confirmed. Former Caterham Chief Financial Officer Graham Macdonald assumes Ali’s role.
Ali leaves the Group after seven years following a management buy-out in 2005 from the Nearn family which originally founded Caterham Cars.
The Group’s chairman Tony Fernandes said: “I want to take this chance to thank Ansar for everything he has done for the Caterham brand over many years.
During his time as CEO Ali was the man responsible for relaunching the Caterham Seven range and providing long-term stability of Caterham Cars.
“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 Fernandes.
New CEO Graham Macdonald who has also been with the marque for seven years “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”, Fernandes said.