Francois Dumontier, the CEO and president of Canadian Grand Prix promoter Octane Racing Group, will step down from his position after 30 years of organizing the race.
First engaged on the race in Montreal in 1994, Dumontier established Octane Racing Group in 2002 and have become president and CEO of the Canadian Grand Prix in 2009. After three many years on the forefront of motorsport in Canada — resulting in an induction into the Canadian Motorsport Corridor of Fame in 2017 — Dumontier will step down to get replaced at Octane by Bell Media VP Jean-Philippe Paradis.
Francois Dumontier is the longtime president and CEO of the Canadian Grand Prix. Zak Mauger/Motorsport Photographs
“It’s with a profound sense of accomplishment that I hand over the wheel after devoting thirty years to the event of motorsports in Canada, and specifically Components 1 in Montreal,” Dumontier stated.
“I’m proud to go away a legacy of a world-class occasion — a very powerful sporting occasion in Canada, to the town of Montreal, to Quebec and to Canada. Components 1 is extra fashionable than ever, and I want the group success as Montreal continues to take its place on a fast-developing circuit.”
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Octane was bought by Bell in 2021, and Paridis takes over the CEO and president roles with quick impact, with Dumontier staying on as strategic advisor to make sure a clean transition.
“I’m honored to be named President and CEO of Octane Racing Group,” Paridis stated. “The Components 1 Canadian Grand Prix is certainly one of Canada’s largest sporting and tourism occasions, attracting followers from all around the world, and I’m excited to guide this superb crew going ahead.
“I want to thank François Dumontier for his management over the previous three many years; his impression on Canadian motorsports is immense. I want him nicely for the long run and I look ahead to continued collaboration with him as our strategic advisor.”
As a part of the adjustments, Octane has additionally introduced Sandrine Garneau has been promoted to the position of chief working officer of brand name and technique, having been described as “instrumental in elevating the profile of the Components 1 Canadian Grand Prix to the place it’s right this moment.” Garneau’s promotion can also be efficient instantly.
