The business of Formula 1 – An insight

Tuesday 16 April 2013

Room 8 at Faraday Wharf, Birmingham Science Park Aston.


Spanning the international race-scene the world of Formula 1 racing is not only highly competitive but also underpinned by cutting-edge technology with an interwoven mix of intriguing personalities and high-profile celebrities.

At this event Steve Nevey, formerly Business Development Manager at Red Bull Racing, will describe the intense and often extreme world of Formula 1 where materials seem to defy the laws of physics and people are pushed to their mental and physical limits.

Steve is able to draw some interesting comparisons between the different worlds of Formula 1 and more conventional business. Examples are the lessons which can be learned from honing a pit stop to 2.4 seconds and the active transfer of core competence from one area of the business to another.

Formula Student race cars from Aston University and Birmingham City University will be on display. There will be an opportunity to speak to the student race team members from 17:30.

About The Speaker:

In contrast to the fast-paced world of Formula 1 motor racing, Steve Nevey started his career as a designer in the world of shipbuilding. Steve started his Formula 1 career in 1989 with Footwork Arrows as a specialist Computer Aided Design Engineer. Steve has spent the last 22 years in the world of Formula 1 motor racing working with teams such as Footwork Arrows, Stewart Grand Prix, Jaguar Racing and until very recently multiple world champions Red Bull Racing.  He has fulfilled a variety of technical and commercial roles, both behind the scenes at the teams’ highly sophisticated headquarters and at the race circuit.