The Renault F1 Team look set to confirm ART Grand Prix Team Principal Frederic Vasseur as their new Racing Director. The Enstone outfit are reportedly set to follow the lead of rivals McLaren Honda and Mercedes  by appointing a Racing Director instead of a team principal.

It is believed that as part of the management reshuffle within the team that Gerard Lopez who retains a shareholding in the outfit will take up a commercial management role and will act as a go liaison between commercial rights holder Bernie Ecclestone and the F1 team.

It is also widely expected that four time world champion Alain Prost will be named as ambassador to the team.

Head of Renault Sport F1 Cyril Abiteboul will sit on the Board of Directors at the team alongside Lopez, however it not yet clear if Renault CEO Carlos Ghosn will sit on the board of the team or not.

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