12/11/2006
NEWS STORY
A1GP World Cup of Motorsport is pleased to announce the appointment of Pete da Silva as Chief Executive Officer of A1 Holdings Ltd, the company behind the FIA-sanctioned, international motorsport series.
Da Silva joins A1GP in January 2007 from his current position as Group CEO, Siemens in South Africa. He will take overall responsibility for the day-to-day running of the series, overseeing its future growth and development with particular attention to the company's forthcoming IPO.
Commenting on his new appointment, da Silva said: 'I am looking forward to further developing the many accomplishments of A1GP as it expands into new markets, forges new commercial partnerships and develops as a business. A1GP has created a unique product in motorsport that delivers an outstanding entertainment package so for me, this is a great opportunity to combine my business experience with a personal passion for the sport.'
On behalf of A1GP, deputy chairman Tony Teixeira commented: "Pete da Silva has extensive experience in business development and I believe he will be a great asset to the series, significantly contributing to its future as we work to maintain and strengthen our position in both the motorsport and business arenas."