Cowell has been moved from his present management function, as BBC Sport revealed on Saturday, following disagreements between the 2 over the working of the group and design of the 2026 automotive, in line with insiders.
The assertion added that Newey, who joined Aston Martin as managing technical accomplice in March, can be guiding the technical group, together with the trackside operations of the automotive.
The transfer has come about by the realisation that Newey’s experience and lengthy expertise – having gained 12 drivers’ and 13 constructors’ championships with Williams, McLaren and Pink Bull – make him the de facto authority within the group.
In that case, making him group principal is a logical step and Newey shall be Aston Martin’s fourth group principal in 4 years, following Otmar Szafnauer, Mike Krack and Cowell.
Crew proprietor Lawrence Stroll mentioned in an announcement: “Andy Cowell has been an important chief this 12 months. He is targeted on constructing a world-class group and getting them to work effectively collectively, in addition to fostering a tradition that places the race automotive again on the coronary heart of what we do.
“This management change is a mutual choice we now have reached within the curiosity of the group. All of us look ahead to persevering with working with him in his new capability.”
Stroll added that Newey’s new place would “allow him to make full use of his artistic and technical experience”.
Newey mentioned: “During the last 9 months, I’ve seen nice particular person expertise inside our group.
“I am trying ahead to taking over this extra function as we put ourselves in the absolute best place to compete in 2026, the place we are going to face a wholly new place with Aston Martin now a works group, mixed with the appreciable problem confronted by the brand new rules.
“Andy’s new function, specializing in the mixing of the brand new power-unit with our three key companions, shall be pivotal on this journey.”
Stroll had been contemplating a change of management for a while, and had approached a variety of senior F1 figures, together with former McLaren and Sauber boss Andreas Seidl, present head of the Audi F1 venture Mattia Binotto and his former CEO Martin Whitmarsh.
Former Pink Bull group principal Christian Horner has additionally been pushing for a task at Aston Martin, and needs a shareholding.
Sources on the group say Horner, who’s free to work for an additional group from subsequent summer season after being sacked by Pink Bull in July, is not going to be given a task at Aston Martin.
Nonetheless, Newey is claimed to have given his former Pink Bull colleague a tour of the Aston Martin manufacturing facility below cowl of darkness on Tuesday evening.
The assertion mentioned Cowell, a former Mercedes F1 engine boss, had “applied the much-needed structural adjustments to assist the transition to a full works group in readiness for the brand new rules in 2026”.
Cowell mentioned within the assertion that “having set the foundations” for Newey, it was “an acceptable time for me to take a special function”.
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