After 20 years in Formula OneRenault F1 Team President Patrick Faure will retire at the end of 2006.
The Frenchman, who said he turns 60 later this year, informed reporters at the launch of the team`s new `R26` Grand Prix car in Monte Carlo.
``I dedicated twenty one years of my life to Formula One,” Faure said.
Team principal Flavio Briatore`s contract, too, expires at the end of 2006, but the fifty-five year-old Italian wasn`t giving anything away.
He told reporters: ``This isn`t the moment to discuss it. We are focused on the season ahead.``
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