Dassas to leave Renault F1 team

Dassas had taken the role in April 2006, but the Frenchman will now become the Chief Financial Officer of Nissan.

"My time as President of the Renault F1 Team has been a rich, rewarding experience in personal and professional terms," said Dassas.

"The Renault F1 Team is a world-class group of highly-motivated, competitive individuals and it has been a privilege to take part in the adventure.

"From a professional point of view, we have achieved the objective set when I assumed this role: to engineer a detailed, long-term commitment to Renault's Formula One future. The team is in good health, and well-placed to return to the front of the field next season.

"I wish them every success and while I look forward to my next challenge within the Renault Nissan Alliance, I will remain one of the team's most loyal supporters."

Rey, who currently holds the position of Senior Vice President, Renault CEO Office, had previously been responsible for Nissan's global motorsport activities. He will assume his role as team president on 17 September.

"The Renault F1 Team is proof of the Renault Group's ability to excel at the highest level, and I am greatly looking forward to returning to the world of motorsport," said Rey.

"The team is preparing to return to the highest level next season, and is well-placed to do so in terms of personnel and resources.

"It is a highly-capable group led by Flavio Briatore, whose abilities are well-known. I look forward to enjoying many future successes together."