Red Bull team principal Christian Horner said after the race: "Pierre really needs to take some time out during the break, reflect, and take the lessons into the second part of the year".
'Everyone at Aston Martin Red Bull Racing looks forward to welcoming Alex to the team and supporting him during the next phase of his F1 career'.
The Red Bull man led for the majority of the race, only for a masterstroke in strategy from Mercedes to change Hamilton's tyres with 20 laps remaining allowed the Brit to make up the 19-second gap to eventually overtake for the victory.
Albon's Toro Rosso teammate, Kvyat, had been tipped as the more logical choice to replace Gasly as he has more experience and drove for the senior Red Bull team in 2015 and early 2016.
The young driver now has the tough challenge of partnering flying Dutchman Max Verstappen for the rest of the season.
RCMP investigate sabotage after gondola cable cut at B.C. tourist attraction
RCMP say they're still assessing the damage, but early signs point to the Sea to Sky Gondola cable being cut. The Sea to Sky operator, meanwhile, says that the gondola is closed "for the foreseeable future".
Epstein co-conspirators 'should not rest easy,' says U.S. AG Barr
A prison guards union said Monday that thousands of vacancies had created "dangerous conditions" at federal jails across the US. Attorney General William Barr condemned the " serious irregularities " at the MCC and demanded a " thorough investigation ".
Jurgen Klopp assesses Alisson's calf injury from Norwich win
Asked by Liverpool's official site if Longeran will be on the bench in Istanbul, Klopp said : "I think so". The Brazil global came off in the 39th minute of the match after slipping and holding his calf.
Gasly has managed just 63 driver points so far in 2019 with no podium finishes compared to Verstappen's five.
Mr Albon now sits 15th in the world championship having scored 16 points. He sits in fifth place with 132 points, 69 points ahead of the 23-year-old Frenchman, and he has scored 75 points in the last six races alone.
Thai Albon, 23, has been promoted from the team's sister outfit, Toro Rosso, with Gasly going the other way.
Albon, runner-up in last year's FIA Formula 2 Championship, has impressed in his first season in F1.
In a statement on Monday, Red Bull confirmed the two drivers would swap teams. Tune in to ESPN2's live broadcast of the 2019 Formula 1 season's 13th race, the Belgian Grand Prix, beginning at 9:05 a.m. ET from Circuit de Spa-Francorchamps on Sunday, September 1.