Aston Martin name Mike Krack as new team principle

Aston Martin have named Mike Krack as its team principal following the departure of Otmar Szafnauer, the Formula One team announced on Friday.

Krack joins from BMW, where he led the German manufacturer's global motorsport division. He has worked previously in F1 with Swiss-based Sauber.

"It is a thrill and an honour to have been appointed to the position of Team Principal of Aston Martin Cognizant Formula One Team, and I am very grateful to Lawrence [Stroll] and Martin [Whitmarsh] for giving me such a fantastic opportunity," Krack said in a statement.

"Aston Martin is one of the greatest automotive brands in the world, and to have been asked to play a leading role in delivering the on-track…