Laurent Mekies has since been drafted in as the F1 outfit's new team principal and CEO. Here's what you need to know about the Frenchman. MORE: Who will drive for Cadillac F1?

Red Bull are set to lose a significant advantage over their Formula 1 rivals with reports suggesting that the FIA are planning to introduce a major rule change. Earlier this month came the shock news that Christian Horner had been sacked as Red Bull team principal.

Isack Hadjar reacted on Thursday to Laurent Mekies' promotion from Racing Bulls boss to Red Bull as replacement for Christian Horner by saying it could be "useful" for his own Formula One prospects.

McLaren F1 CEO Zak Brown insists he was “not surprised” by the sudden departure of arch rival Christian Horner at Red Bull. Horner, 51, was relieved of his duties as team principal and F1 CEO at Red Bull Racing after 20 years in the role. Laurent Mekies, formerly of sister team Racing Bulls, has taken over ahead of this week’s Belgian Grand Prix.

The Racing Bulls driver has confidently suggested that there are high chances of Sergio Perez's return to F1 next year.

Isack Hadjar reacted on Thursday to Laurent Mekies' promotion from Racing Bulls boss to Red Bull as replacement for Christian Horner by saying it could be "useful" for his own Formula One prospects. T