Monisha Kaltenborn left her role as team principal and Chief Executive Officer at Sauber Formula One with immediate effect, the Swiss team have announced Kaltenborn had been with the Hinwil-based team since 2000, having joined as head of legal in 2000 and become CEO seven years ago.

She became F1’s first female team principal, as well as a team shareholder, when she took over the day-to-day operations of the squad from founder Peter Sauber in October 2012, and continued in that role when the team was acquired by Longbow Finance S.A. in July 2016.

“Longbow Finance SA regrets to announce that, by mutual consent and due to diverging views of the future of the company, Monisha Kaltenborn will leave her positions with the Sauber Group effective immediately.We thank her for many years of strong leadership, great passion for the Sauber F1 Team and wish her the very best for the future. Her successor will be announced shortly; in the meantime we wish the team the best of luck in Azerbaijan.” read a brief statement released in late hours of Wednesday by Pascal Picci, Chairman of Sauber Holding AG.

With Kaltenborn at the helm, Sauber finished seventh in the constructors’ championship in 2013, but have not finished higher than eighth since, with the team finishing last year a dismal tenth accumulating just two points.

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Picci also dismissed media rumors that their drivers do not receive equal treatment from the team stating that “This is not only patently untrue, it would be contrary to the team’s absolute and longstanding commitment to fair competition. These reports, attributed to anonymous ‘sources’, are highly detrimental to both Marcus Ericsson and Pascal Wehrlein as well as to the management and all staff of the Sauber F1 Team.”

Sauber are currently languishing in ninth place in the standings with four points.