SEPTEMBER 4, 2007

Management changes at Renault F1

Renault have announced that Alain Dassas, the President of the Renault F1 team, will leave the team on September 17th.

Renault have announced that Alain Dassas, the President of the Renault F1 team, will leave the team on September 17th to move to the role of Chief Financial Officer of Nissan. His place will be taken by Bernard Rey, who is currently a Senior Vice President in the Renault CEO Office and previously was in charge of Nissan's global motorsport activities.

Dassas, who has been in the position since April 2006, said, "My time as President of the Renault F1 Team has been a rich, rewarding experience in personal and professional terms. The Renault F1 Team is a world-class group of highly-motivated, competitive individuals and it has been a privilege to take part in the adventure. From a professional point of view, we have achieved the objective set when I assumed this role: to engineer a detailed, long-term commitment to Renault's Formula 1 future. The team is in good health, and well-placed to return to the front of the field next season. I wish them every success and while I look forward to my next challenge within the Renault Nissan Alliance, I will remain one of the team's most loyal supporters."

Bernard Rey said, "The Renault F1 Team is proof of the Renault Group's ability to excel at the highest level, and I am greatly looking forward to returning to the world of motorsport. The team is preparing to return to the highest level next season, and is well-placed to do so in terms of personnel and resources. It is a highly-capable group led by Flavio Briatore, whose abilities are well-known. I look forward to enjoying many future successes together."