Riad Asmat is the CEO of Caterham F1 Team and Team Principal of GP2 Caterham Team AirAsia. He is the son of Perodua

Perodua

The ' , usually abbreviated to Perodua , is Malaysia's second largest automobile manufacturer after Proton. It was established in 1992 and launched their first car, the Perodua Kancil in August 1994. 'M2’ was refers to the codename which was used when the project to establish Perodua was still Top...

 Chairman Tan Sri Datuk Asmat Kamaludin. Tony Fernandes

Tony Fernandes

Tan Sri Anthony Francis Fernandes CBE is a Malaysian entrepreneur and the founder of Tune Air Sdn. Bhd., who introduced the first budget no-frills airline, AirAsia, to Malaysians with the tagline "Now everyone can fly"...

 and fellow shareholders Kamarudin Meranun and SM Nasarudin have confirmed that with immediate effect Riad Asmat has been promoted Group CEO of Caterham Group for Caterham F1 Team, Caterham Cars

Caterham Cars

Caterham Cars is a manufacturer of specialist lightweight sports cars based in Caterham, Surrey, England and part of the British motor industry. Their only current model, the Caterham 7 , is a direct evolution of the Series 3 Lotus Seven designed by Colin Chapman and originally launched in 1968. A...

, Caterham Team AirAsia, merchandising, engineering and all related interests.

Career

The team announced the appointment of Asmat as the Chief Executive Officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 of 1Malaysia F1 Team Sdn. Bhd. (1MF1T). Asmat, 38 years old, was formerly working in the managing director's office of Proton Holdings Berhad as General Manager

General manager

General manager is a descriptive term for certain executives in a business operation. It is also a formal title held by some business executives, most commonly in the hospitality industry.-Generic usage:...

. In Proton Holdings Berhad in 2006, Asmat was tasked with the development of its motorsports programme. This included R3 and Proton Axle Team. Asmat also managed the company's involvement in A1 Team Malaysia

A1 Team Malaysia

A1 Team Malaysia is the Malaysian team of A1 Grand Prix, an international racing series.- Management :A1 Team Malaysia is operated by A1 Team Sdn. Bhd...

.