Sunday February 4th, 2001

Former Formula One World Champion Niki Lauda is expected to become Jaguar Racing's Chairman, replacing Neil Ressler.

Lauda's appointment is expected to be announced officially in Britain on Tuesday.

"We've got three separate organisations and Niki Lauda will bring those together. The companies need to know what each other are doing, and we have to have someone in a position to look after them," Bobby Rahal, Jaguar's Chief Executive Officer, said.

Austrian Lauda, who won the Formula One World Championship three times, had recently resigned from his own airline company, Lauda Air, after auditors criticised alleged financial irregularities at the airline he founded in 1979. Lauda was also an advisor for Ferrari until a year ago.

Lauda's appointment at Jaguar Racing will conclude a major reshuffle in the Ford-owned team, including the appointments of team chief Bobby Rahal and technical director Steve Nichols.

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