Caterham Group, the parent company of Caterham Cars, Caterham F1 Team, Caterham Composites and CTI (Caterham Technology & Innovation) has today confirmed that Graham Macdonald, previously CFO of Caterham Cars will step up to the role of CEO after current Chief Executive Officer Ansar Ali leaves the business by mutual consent.
In a statement released this evening, DRB-Hicom announced the appointment of Mohd Aslam Bin Farikullah as Lotus’ new Chief Operating Officer (COO), at the same time as they confirmed the termination of Dany Bahar as Group Lotus CEO.
It comes as no surprise to hear that Dany Bahar’s suspension from his role as Lotus CEO, has now been confirmed as a full termination.
I use the word suspended, even though that’s not a term one would normally use when a CEO is removed from his post, however during the past few hours that’s the phrase which has been used when I spoke to those people close to the matter.
The trouble with journalism and news reporting is that most of the writers pass comment on things which they invariably have little or no personal experience of. Some are able to separate their egos or ambitions from the subject and present a balanced view, but all too often a writer can become drunk on the power they have to influence other people’s opinions.
Questions have been raised during the past 24 hours over the handling of Lotus’ future by new owners DRB-HICOM and in particular the role played by Lotus current CEO Dany Bahar in securing the jobs of its Hethel employees.
We spoke with Lotus this afternoon and you can read their responses below. There are still a number of questions outstanding, which we will update in this article when we hear back from them tomorrow.
This is a story that resonates strongly with me. As an advisor to many people over the years, one of the most valued qualities I hear from CEO’s and business leaders is their need to find someone who will tell them how things ‘really’ are. ‘Yes Men’ are all too easy to acquire, and the higher you climb, the less likely anyone will actually tell you the whole truth.
I heard on the grapevine this morning that motorsport writers, David Tremayne and Joe Saward have joined Ansar Ali and Tony Fernandes on the board of Caterham Group.