“Winning in Formula 1 is all about bringing together the best efforts of all the principal players – drivers, engineers, mechanics, everyone – and Mike is perfectly placed to do just that,” the Canadian billionaire said.
“We are hiring brilliant new people every week. Our new factory build is coming along very well. We have a fantastic roster of superb sponsor partners.
“We are about to embark on year two of our five-year plan, the objective of which is to win Formula 1 world championships.
“All the ingredients we require are coming together. Mike will play a central and leading role, reporting to [chief executive] Martin Whitmarsh and leading our technical and operational functions, our collective aim being to fulfill those lofty ambitions.
“We are on our way.”
While he will feel no doubt the weight of expectation on his shoulders, Krack says he is ready to sink his teeth into the challenge ahead of him.
