Cowell has been moved from his present management function, as BBC Sport revealed on Saturday, following disagreements between the 2 over the working of the crew and design of the 2026 automotive, in line with insiders.
The assertion added that Newey, who joined Aston Martin as managing technical companion in March, could be guiding the technical crew, together with the trackside operations of the automotive.
The transfer has come about by the realisation that Newey’s experience and lengthy expertise – having gained 12 drivers’ and 13 constructors’ championships with Williams, McLaren and Pink Bull – make him the de facto authority within the crew.
In that case, making him crew principal is a logical step and Newey will probably be Aston Martin’s fourth crew principal in 4 years, following Otmar Szafnauer, Mike Krack and Cowell.
Workforce proprietor Lawrence Stroll mentioned in an announcement: “Andy Cowell has been a terrific chief this yr. He is centered on constructing a world-class crew and getting them to work nicely collectively, in addition to fostering a tradition that places the race automotive again on the coronary heart of what we do.
“This management change is a mutual choice now we have reached within the curiosity of the crew. All of us sit up for persevering with working with him in his new capability.”
Stroll added that Newey’s new place would “allow him to make full use of his inventive and technical experience”.
Newey mentioned: “During the last 9 months, I’ve seen nice particular person expertise inside our crew.
“I am wanting ahead to taking up this extra function as we put ourselves in the very best place to compete in 2026, the place we are going to face a wholly new place with Aston Martin now a works crew, mixed with the appreciable problem confronted by the brand new laws.
“Andy’s new function, specializing in the mixing of the brand new power-unit with our three key companions, will probably be pivotal on this journey.”
Stroll had been contemplating a change of management for a while, and had approached numerous senior F1 figures, together with former McLaren and Sauber boss Andreas Seidl, present head of the Audi F1 venture Mattia Binotto and his former CEO Martin Whitmarsh.
Former Pink Bull crew principal Christian Horner has additionally been pushing for a task at Aston Martin, and desires a shareholding.
Sources on the crew say Horner, who’s free to work for an additional crew from subsequent summer time after being sacked by Pink Bull in July, is not going to be given a task at Aston Martin.
Nonetheless, Newey is claimed to have given his former Pink Bull colleague a tour of the Aston Martin manufacturing facility below cowl of darkness on Tuesday night time.
The assertion mentioned Cowell, a former Mercedes F1 engine boss, had “applied the much-needed structural modifications to help the transition to a full works crew in readiness for the brand new laws in 2026”.
Cowell mentioned within the assertion that “having set the foundations” for Newey, it was “an acceptable time for me to take a distinct function”.
