Red Bull Ring boss departs as Austrian GP looms 18 September, 2013 Walter Kafitz Red Bull Ring boss Walter Kafitz has parted company with the circuit which is scheduled to host the Austrian Grand Prix in 2014. The former Nurburgring chief came on board early last year, and was believed instrumental in the rebuilt and now Red Bull-owned circuit’s return to the Formula 1 calendar for 2014. But Kleine Zeitung newspaper reports that Kafitz, 62, has left “with immediate effect”. The news was reportedly confirmed by the company. The Austrian report insisted, however, that “Preparations for the Formula 1 race are not affected”. Kafitz was earlier caught up in the Nurburgring’s calamitous financial situation, but Kleine Zeitung said that this is not the reason for his departure in Austria. But “Red Bull gave no information, nor on his succession,” said the report. Kafitz did not comment. (GMM.) Subbed by AJN. Content on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Getty Images, Formula 1 teams, sponsors & organisations.