Kaltenborn makes F1 history
October 11, 2012 -- Updated 1554 GMT (2354 HKT)
India's Monisha Kaltenborn became Formula One's first female CEO in 2010.
- India's Monisha Kaltenborn becomes Formula One's first female team principal
- Kaltenborn will replace owner Peter Sauber at the Sauber Formula One team
- The 41-year-old has been CEO of the Swiss-owned team since 2010
- Sauber are sixth in the constructors' standings heading into the Korean GP
(CNN) -- Monisha Kaltenborn has continued her rise within Formula One after becoming the sport's first female team principal.
Kaltenborn has been CEO of Swiss-based team Sauber since 2010 and while continuing in that role, she will also replace team owner Peter Sauber in the role of team principal with immediate effect.
Sauber have made no secret that India's Kaltenborn would take over from Sauber, with the Swiss saying he had no desire to be trackside when he turned 70.
And wiith his 69th birthday just two days away, the decision has been made for Kaltenborn to make the transition from F1's first female CEO to its first female team principal.
Son of a sushi chef on a roll in F1
Kamui Kobayashi: Japan's fastest man
Formula One strives for green future
Singapore: The future of F1 finance?
Schumacher to retire from F1
"Naturally I'm very aware of the major responsibility I have for Peter Sauber's racing team," Kaltenborn said in a Sauber statement.
"He founded the team over 40 years ago, and in the spring it will be 20 years since Sauber lined up for its debut Formula One grand prix. We are the fourth-oldest team in Formula One.
"To build up a project like this and keep it alive in a difficult environment is a tremendous achievement. I have set my sights high and am committed to taking the team forward as Peter Sauber would want and leading it on to success."
Sauber expressed his confidence in Kaltenborn's ability to lead the team, explaining the time had arrived for him to step aside.
"We decided a long time ago that Monisha would take over from me but we left the timing open," he said. "Now is a good time for both of us, so this is the right moment to pass on the baton.
"After all, there have been a number of races I've been unable to attend -- most recently the Japanese Grand Prix, where the team put in an excellent performance.
"I'm in no doubt that Monisha has all the necessary skills to be an outstanding team principal, and I'm equally certain she will ensure that the values underpinning the company live on. That is very important to me."
In a CNN interview in June, Kaltenborn revealed she had never foreseen a career in motorsport.
"I was never focused about getting into Formula One and taking up this career," she said. "A lot of things just happened by coincidence.
"And then what you have to do then is see if you want to make that choice to see if you want to take the opportunity or not and see where it takes you to."
She also spoke of her ambitions for Sauber, saying: "My desires within F1 are with this team.
"I have so many desires that I would like to achieve with this team that I don't even know if my time would last that long so I am pretty happy with the challenges that I have within the Sauber team."
Following Kamui Kobayashi's third-place finish at his home grand prix in Japan last weekend, Sauber are currently sixth in the constructors' standings with five races of the 2012 season remaining.
Part of complete coverage on
Track the new Formula One season as it progresses, circuit by circuit, race by race.
March 14, 2013 -- Updated 1324 GMT (2124 HKT)
Can the new F1 season live up to last year's standards? Find out the need-to-know stories for 2013.
March 14, 2013 -- Updated 1148 GMT (1948 HKT)
CNN looks ahead to the Australian Grand Prix, the first F1 race of the 2013 season.
February 28, 2013 -- Updated 1824 GMT (0224 HKT)
Adrian Sutil will be Force India's second driver for the 2013 Formula One season, pledging to make the most of his "second chance".
March 2, 2013 -- Updated 0152 GMT (0952 HKT)
Christmas Abbott, 5'3 and 115 pounds, is the first woman to join a NASCAR pit crew team.
February 12, 2013 -- Updated 0035 GMT (0835 HKT)
The first race in Melbourne is just around the corner and Formula 1 teams are gearing up for a season which promises to be as technical as it is tactical.
March 1, 2013 -- Updated 1219 GMT (2019 HKT)
When the new Formula 1 season gets underway in March, for the first time there will be a woman running a team's entire operations from track to boardroom.
January 21, 2013 -- Updated 1222 GMT (2022 HKT)
The Dakar Rally is one of the world's most dangerous motorsport races, and this year's edition has already been marred by tragic deaths.
January 31, 2013 -- Updated 1920 GMT (0320 HKT)
The famous circuit of Nurburgring is confirmed Thursday as the venue for the 2013 German Grand Prix after reaching a deal with F1 chief Bernie Ecclestone.
November 27, 2012 -- Updated 1536 GMT (2336 HKT)
It did not take very long for the inevitable question to be asked -- just how good a driver is Sebastian Vettel?
January 24, 2013 -- Updated 1449 GMT (2249 HKT)
Changes to tires will make Formula 1 racing faster with more overtaking in 2013, according to the sport's official tire supplier Pirelli.
November 26, 2012 -- Updated 0935 GMT (1735 HKT)
Michael Schumacher, Alain Prost, and contemporary pacesetters Sebastian Vettel and Fernando Alonso were all contenders.
November 23, 2012 -- Updated 1332 GMT (2132 HKT)
Who is the greatest F1 driver of all time? Past and present drivers give their verdict on the contenders to CNN.
CNN has asked Formula One stars past and present, "Who is the best driver of all time?" Now we want to hear from you.
November 20, 2012 -- Updated 0948 GMT (1748 HKT)
A triumphant Lewis Hamilton called Sunday's United States Grand Prix the best race of 2012 but for many it was more important than that -- it was Formula One being reborn in the USA.
CNN's Ben Wyatt says Sebastian Vettel or Fernando Alonso will seal their place in F1 history in Brazil this weekend.
November 25, 2012 -- Updated 1941 GMT (0341 HKT)
The F1 title race will be fought over 20 races this season. Keep track of the latest standings in the drivers' and manufacturers' championships.
November 16, 2012 -- Updated 1520 GMT (2320 HKT)
Mario Andretti says the key to rekindling F1 in the U.S. is a buzzword that has been flying around Washington faster than a Ferrari -- stability.
Today's five most popular stories