Haas F1 sponsor Rich Energy renamed Lightning Volt. CEO William Storey departs.
In a controversial twist to the Haas/Rich Energy tale, CEO William Storey has departed the company with immediate effect, leaving the title sponsor and the company renaming its brand to Lightning Volt.
After a week of back and forth between company shareholders, who have publicly been attempting to wrestle control from Storey, it seems the move has finally been made for Storey to depart and bring what seems to be an end to one of F1's most surreal sponsorship relationships.
Storey confirmed his departure on the Rich Energy via Twitter today, noting: “William Storey founder of @rich_energy has sold his majority stake in the legal entity of Rich Energy limited. This decision was reluctantly reached due to the duplicitous conduct of minority stakeholders. To quote @Schwarzenegger he will be back!”.