Lawrence Stroll Responds to Speculations Surrounding Aston Martin F1 CEO’s Job

Published 07/15/2021, 8:47 AM EDT
Formula One F1 – Emilia Romagna Grand Prix – Autodromo Enzo e Dino Ferrari, Imola, Italy – April 16, 2021 Aston Martin team principal and chief executive officer Otmar Szafnauer during the press conference FIA/Handout via REUTERS

Racing Point ended the 2020 season on a high, as they finished fourth in the constructors’. Unfortunately, in their new guise as Aston Martin F1, they have not been able to match the pace they had last year and are currently sixth in the standings.


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As such, the recent performances of the British team have mounted pressure on team principal Otmar Szafnauer. There is a lot of speculation about his job as the team principal and CEO of the Aston Martin F1 team.

But team owner Lawrence Stroll has come out to support the American and also dismissed any rumors that they are a new CEO for the team.


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We’re not looking for a new CEO to lead the team: Lawrence Stroll

As reported by Motorsport-Total, Stroll mentioned that the rule change has affected the team’s performance. He also stated he is not looking to change any of the top management at the team right now.

“We’re not looking for a new CEO to lead the team,” stated Lawrence Stroll. (Translated via Google Translate)

SOCHI, RUSSIA – SEPTEMBER 29: Owner of Racing Point Lawrence Stroll and Otmar Szafnauer, Team Principal and Chief Executive Officer of Racing Point talk in the Paddock before the F1 Grand Prix of Russia at Sochi Autodrom on September 29, 2019, in Sochi, Russia. (Photo by Charles Coates/Getty Images)

“We’re looking for people for pretty much every other position, going from the 500 employees we currently have to 800 employees,” said Stroll on strengthening the team from every position.


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The Aston Martin team owner gives an update on the factory expansion

Lawrence Stroll, the father of Aston Martin driver Lance Stroll, bought major stocks of Aston Martin in 2020. He planned to bring the British team back to the sport after 50 years, and thus, he has invested heavily to set up a factory for the team.

Formula One F1 – Austrian Grand Prix – Red Bull Ring, Spielberg, Styria, Austria – July 3, 2021, Aston Martin’s Sebastian Vettel during practice REUTERS/Leonhard Foeger

In a recent interview, he gave an update on the factory expansion plans of Aston Martin.


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“As far as the factory is concerned, we are slowly growing out of the existing buildings. We are currently building a lot of temporary workplaces to accommodate all of our new staff.

And the new building that the team are currently building is expected to be occupied in “in 18 to 20 months.” The investments made by Stroll are to make the British team F1 world champions in the next five years.


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For now, though, the team is aiming to get back last year’s pace. Do you think they’ll be able to get back to P3 in the standings?


Devang Chauhan

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Devang Chauhan is an F1 author at EssentiallySports. Having completed his graduation in Journalism and Mass Communication, he has a keen eye for writing engaging and detailed articles on F1. Previously a writer for Sport Social's 'Chase Your Sport' Magazine, Devang has been a ardent follower of the sport for over a decade and has attended two editions of the Indian Grand Prix.



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