The 67-year-old (above) has held the position at Red Bull's sister team since its inception in 2005 as Toro Rosso, making him the longestserving chief after Christian Horner.
However, he will leave at the end of the 2023 campaign to be replaced by Laurent Mekies, the current sporting director at Ferrari and the latest high-profile exit from the Italian giants.
Former FIA executive director Peter Bayer will also be joining as chief executive, as Alpha Tauri undergoes a major reshuffle.
The Italian outfit, which has taken just a single point in the 2023 championship so far, confirmed that former racing driver Tost will stay on as a consultant for 2024.
Austrian Tost admitted: "It has been a true privilege to lead the team for such a long period and a great pleasure to work with so many motivated and skilled people, who share my passion for Formula One.
"At 67 years old it is time to hand over and with Peter as new CEO and Laurent as team principal, we found&nbsp;two very professional people who will bring the team to the next level.
"I want to thank everyone for the good cooperation."

Time up for Tost at Alpha

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