Asmat leaves Caterham to seek new challenges 13 February, 2014 Riad Asmat and Tony Fernandes A key figure at Caterham has left the team. Riad Asmat who has been with company supremo Tony Fernandes since the beginning of the project, and roze to the height of Chief Executive of the Formula 1 team and most recently the head of Caterham Automotive, has decided to part ways with the Malaysian entrepreneur. The outfit announced this week that Asmat is “moving on to seek new challenges”. “My decision to move on has been one of the hardest I have had to make and will have to make in my career, but the time has come for a new direction,” Asmat said. (GMM) Subbed by AJN. Tweet Related NewsCaterham administrator to probe ex-managementCaterham staff made redundantFernandes distances himself from Caterham teamRavetto confident Caterham will survive crisisAlbers announces departure from CaterhamFernandes: Formula 1 was very nasty and vindictiveCaterham may ditch double nose says new bossCaterham to sue former staff for damagesOver 40 dismissed Caterham staff to sue teamRossi one of many redundancies at Caterham Dr. Azlan F1 is not easy business.