Peter Sauber has named his team's CEO Monisha Kaltenborn as his successor and hinted she could become the first female team boss in the next two years.

14118 - Sauber names Kaltenborn as his successor

Sauber, now 68, still attends grands prix, but Kaltenborn often represents the team in front of the media and is well positioned to take over the reins when he decides to retire.

"I have always said that I will not be sitting on the pitwall as a 70 year old," Sauber told Der Sonntag newspaper. "With certainty, my successor is Monisha Kaltenborn. That is for sure. When it [the handover] happens is still open.

"She will be the first female team boss in Formula One history. She's been with us for 13 years, always with leading roles. I'm sure she will do the job very well."

Sauber has stepped down as team principal once before when he sold his team to BMW and handed over the top job to Mario Theissen.

"I could not jump into the breach a second time," Sauber added, hinting that his retirement this time around would be final.