Guenther Steiner says Kevin Magnussen matched all the criteria Haas was looking for in a driver, with the Dane now confirmed at the team for 2017.
On Friday Haas announced Magnussen will partner Romain Grosjean next season, leaving Renault after his return to the grid this season. The Danish driver had turned down an offer to stay at Renault and will instead take the place of Esteban Gutierrez at the American team.
Steiner thinks Magnussen's experience with McLaren and Renault will be important for Haas in its second season of Formula One.
"We want to grow the team and therefore we wanted some experience of people of drivers that have been on the podium and which have scored points, and Kevin was fitting the bill," Steiner said. "We will move forward with him."
The move means Haas has opted against keeping Gutierrez, formerly Ferrari reserve driver, at the helm, having already overlooked GP3 leader Charles Leclerc, part of the Italian team's driver academy. However, Steiner insists the relationship with the team's engine and technical partner is stronger than ever.
"No we have a long standing contract with Ferrari, we continue the business model we are doing, we continue like this for the next few years and then we see what we think but at the moment we are very happy with Ferrari, what they did for us over the year to get us to the point where we are now.
"We hope we move up next year. For sure you always develop your team and you keep on getting better but in general it stays like that for now."
Steiner also paid tribute to the outgoing Gutierrez, praising him for the job he has done in 2016 and saying his scoreless season so far is not a fair reflection of his talent.
"I would like to take this moment to thank Esteban for what he did with us over this year, I think he has got a good future. He did a good job so whatever people say he is a good driver and he helped us a lot to develop the team from nothing to where we are, so thanks to him."