Formula 1:

Sauber gives CEO Kaltenborn a stake in F1 team

Reuters - May 16, 2012

LONDON, May 16 (Reuters) - The Swiss founder and owner of Sauber has given the Formula One team's chief executive a third of the company to ensure she stays on to lead it after he retires.

Peter Sauber, 68, transferred the stake to Indian-born CEO Monisha Kaltenborn at the end of last year but the agreement was only made public on Wednesday.

Sauber has designated Kaltenborn,...Read more

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