BUSINESS: Neil Ressler Appointed Chairman of Cosworth Racing
6 November 1998
NORTHAMPTON, England - Neil Ressler, has been appointed Chairman of Cosworth Racing, with immediate effect. Currently Vice President of Advanced Vehicle Technology for Ford Motor Company, he will also take up a new position as Vice President and Chief Technical Officer of Research and Vehicle Technology for Ford, on 1 January 1999. Ressler will also be joining the Stewart Grand Prix board as a non- executive director.The appointment of Neil Ressler underlines Ford's commitment to move forward with its world wide motorsport programme at a rapid pace and help Cosworth Racing to play a key role in the integration of Ford's advanced vehicle technology programmes.
Cosworth Racing's interim Managing Director Dick Scammell will work with Neil Ressler to oversee the transition of Cosworth Racing into its new position as a fully owned Ford subsidiary.
Ford completed the purchase of Cosworth Racing from Audi AG less than two months ago.
Cosworth's fame is founded on nearly 40 years of success in top-level motor sport around the world, Cosworth engines have powered cars to victory in 174 Grands Prix, 12 Indianapolis 500s, and countless other international and national rallies and races. Cosworth Racing builds a greater variety of racing engines than any other manufacturer
Cosworth Racing builds the Zetec-R V10 engines that power the Formula One Stewart-Ford cars; in Champ Cars, Ford-Cosworth engines are more widely used than those of any other manufacturer, and the company also builds the Ford-Cosworth V6 that drives the British Touring Car Championship Ford Mondeos.
