Silverstone has confirmed that managing director Patrick Allen has stepped aside and will be replaced by a permanent management team.
Last month Allen was suspended over the sale for the Northamptonshire track as reports claimed he was “too close” to one of the parties interested in buying the circuit.
Allen, though, has now left by mutual agreement.
“I have greatly enjoyed working at SCL,” he said. “Some of you may have heard, or seen in the press, some rumours about my departure.
“It is true that some allegations were made against me but, for the avoidance of doubt, these have all been withdrawn and I am pleased to have concluded mutually agreeable terms with the BRDC.”
Allen had taken up the role of Silverstone’s managing director in 2014, and will now be replaced by a permanent management team.
A statement from the BRDC read: “Patrick’s contract with the BRDC has always been on a consultancy basis, with the purpose of reinvigorating the customer proposition and establishing an effective long-term business strategy.
“With these foundations now in place, permanency is required in Silverstone’s leadership to take that strategy forward.
“The BRDC board fully acknowledges Patrick’s contribution to SCL and is pleased to have agreed terms to enable him to step aside and a new skilled team to continue to build on his success.”