Monisha Kaltenborn (L), the new principal for the Sauber Formula One team, and outgoing team principal Peter Sauber pose at the team's garage during an announcement ceremony ahead of the South Korean F1 Grand Prix at the Korea International Circuit in Yeongam Thursday. — Reuters YEONGAM, South Korea — Monisha Kaltenborn became the first woman team principal in Formula One Thursday when she took control of Sauber with immediate effect after its founder decided to step down from day-to-day management. Peter Sauber had always made it clear that he did not wish to be running the team, which he built more than four decades ago, when he turned 70. He will be 69 Saturday. Sauber will continue in his capacity as president of the board of directors of all Sauber Group companies and remain responsible for the group's strategic direction, a team statement said. “We decided a long time ago that Monisha would take over from me, but we left the timing open,” Sauber, one of the biggest names in Formula One, said in the statement. “Now is a good time for both of us, so this is the right moment to pass on the baton. After all, there have been a number of races I've been unable to attend - most recently the Japanese Grand Prix, where the team put in an excellent performance. “I'm in no doubt that Monisha has all the necessary skills to be an outstanding team principal, and I'm equally certain she will ensure that the values underpinning the company live on. That is very important to me.” Kaltenborn, 41, an Austrian of Indian origin, joined the company in 2000 to run the legal department, was appointed a member of the board of management not long afterwards and took over as CEO of Sauber Motorsport AG in January 2010. In late 2011 Peter Sauber transferred a third of the company's shares into her name. “Naturally I'm very aware of the major responsibility I have for Peter Sauber's racing team,” said Kaltenborn in the statement. “He founded the team over 40 years ago, and in the spring it will be 20 years since Sauber lined up for its debut Formula One Grand Prix. We are the fourth-oldest team in Formula One. “To build up a project like this and keep it alive in a difficult environment is a tremendous achievement. I have set my sights high and am committed to taking the team forward as Peter Sauber would want and leading it on to success.” Sauber is sixth in the constructors' championship with five races to go, starting with the Korean Grand Prix Sunday. Sergio Perez, the Sauber driver who is set for a move to McLaren next season, said: “Monisha is very capable of treating people the right way so I wish her the very best. “I will always be very thankful to Peter. He gave me the opportunity to show my talent. I'm very thankful.” Webber accepts Grosjean apology Mark Webber said Thursday he was satisfied with Romain Grosjean's apology after the Lotus driver hit the Red Bull man, ruining his chances at last weekend's Japanese Grand Prix. However the feisty Australian's body language, at a press conference ahead of the race in South Korea where Grosjean was also present, suggested that bad blood remains. Grosjean drove into Webber seconds into the race at Suzuka. The Australian had to scramble to rejoin the action and then made a pit stop for repairs, returning at the back of the field before racing hard to finish ninth. The Frenchman later admitted he made “a stupid mistake” and, having already served a ban this season for the same thing, vowed to change his ways. He also apologized to Webber after the race in Japan. Asked if he accepted the apology, Webber replied tersely: “I went to see Romain. We had a discussion about it, and that was it. So, yeah.” Grosjean said: “All I could do was apologize. I was very sorry.” A furious Webber suggested immediately after the Japan race that the Frenchman might need another “holiday”, or ban, labeling his driving “embarrassing” and branding him “a first-lap nutcase”. Grosjean, who has also had a lecture from his Lotus team, said he was hoping to avoid more trouble in Sunday's race. “I'm clearly conscious of the risk at the start, I'm working on changing quite a lot of things but work doesn't come from one day to the other one,” he said. “There is a process going on. I said I was very sorry. I'm not stupid and I'm conscious of the risk.” — Agencies