 Until mid-2016 Peter Sauber held a controlling 66.6% stake in the team, with the remainder belonging to then CEO Monisha Kaltenborn; she had been a leading figure in the team since BMW's withdrawal.The team was sold during the 2016 season to Swiss investment firm Longbow Finance S.A, with Pascal Picci taking over Peter Sauber's role as chairman of the board and president.Peter Sauber began building sports cars in the 1970s.