Francois Dumontier, the CEO and president of Canadian Grand Prix promoter Octane Racing Group, will step down from his function 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 a long time 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 Pictures
“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 System 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. System 1 is extra widespread than ever, and I want the group success as Montreal continues to take its place on a fast-developing circuit.”
Octane was bought by Bell in 2021, and Paridis takes over the CEO and president roles with rapid 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 System 1 Canadian Grand Prix is certainly one of Canada’s largest sporting and tourism occasions, attracting followers from everywhere in the world, and I’m excited to steer this superb staff going ahead.
“I want to thank François Dumontier for his management over the previous three a long time; his influence on Canadian motorsports is immense. I want him properly for the long run and I sit up for 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 function of chief working officer of brand name and technique, having been described as “instrumental in elevating the profile of the System 1 Canadian Grand Prix to the place it’s at the moment.” Garneau’s promotion can also be efficient instantly.
