Monisha Kaltenborn Became the First Woman Team Principal in Formula one

India-born, Monisha Kaltenborn Became the First Woman Team Principal in Formula one on 11 October 2012 after taking the control of team Sauber, a Swiss Formula one team with the stepping down of team founder Peter Sauber from day to day management.

The news of Monisha Kaltenborn appointment came after Peter Sauber made it clear that he did not wish to run the team, which he built more than fourty years ago.

Monisha Kaltenborn joined Sauber in 2000 as head of its legal department and has been its CEO since January 2010.

Monisha secured her bachelor’s degree in law from the University of Vienna in 1995 and also holds a Master’s degree in International Business Law from the London School of Economics which she did in 1996.

About Sauber Team

Sauber F1 Team is a Swiss Formula One team. It was founded in the 1970s by Peter Sauber, who progressed through hillclimbing and the World Sportscar Championship to reach Formula One in 1993.

The team was sold to BMW in 2005; the reason was not winning a Grand Prix as an independent. The team thereafter competed as BMW Sauber from 2006 to 2009, achieving one victory. At the end of the 2009 season, BMW pulled out of Formula One and the team's future remained uncertain for several months, until it was sold back to Peter Sauber and granted a 2010 entry.

However, due to issues with the Concorde Agreement, the team remained as "BMW Sauber" for the 2010 season. In March 2010, Peter Sauber announced plans to change the team name during the season, but the FIA announced that they would have to wait until the end of the season to change their name. From the beginning of the 2011 Formula One season the team dropped BMW from their name.

Peter Sauber currently owns a controlling 66.6% stake in the team, with the remainder belonging to Monisha Kaltenborn.