"It's absolutely amazing that we managed to get it together here. It's about time. It is many years since a Swede drove F1, and it is of course awesome that I become the next one," Marcus Ericsson told Viasat Motor.
"It's been a pretty long process. All F1 teams have a good handle on GP2, and it was where it started. Then there's the people around me who had contact with Caterham, while I have focused on my driving," Ericsson said.
Enormous sums of sponsorship money are involved in securing the opportunity to race with Caterham, reports Viasat Motor. "We are very pleased that Marcus is driving for us in 2014. This is the result of a long process, but it has been worth all the time and effort and it is important to us. This will be our fifth year in F1, and we must begin to move up the grid. We believe that Marcus can play an important role in that, said Caterham's team boss Cyril Abiteboul.
Marcus Ericsson becomes the first Swedish driver since Stefan "Lill-Lövis" Johansson to drive Formula 1. Johansson's last season was in 1991.
The GP2 series has been a strong feeder of young, upcoming talent to the riches of Formula 1 since its inception in 2005.