Frank Williams to step down from board 02 Mar 2012
Williams have announced that team founder Sir Frank Williams is to step down from the board of Williams Grand Prix Holdings PLC at the end of this month. Williams will, however, remain as majority shareholder and continue to work full time as team principal.
Williams have also confirmed that Claire Williams - daughter of Frank and a long-time member of the team - will join the board at the start of April as director of marketing and communications, following the decision of the posts current holder, Dominic Reilly, to leave the company.
I turn 70 in April and I have decided to signal the next stage in the gradual but inevitable process of handing over the reins to the next generation by stepping down from the board at the end of this month, said Frank Williams.
I shall continue to attend all board meetings as observer. Nonetheless, I shall be looking to Claire to represent the Williams family on the board and I know that she will work tirelessly alongside [Chairman] Adam [Parr] to make the group and the team just as successful as we can be.
Commenting on Claire Williams promotion, Parr said: Claire has worked at Williams for 10 years, taking on increasingly demanding positions and demonstrating throughout all of the qualities needed in this critical role.
Claire will be accountable for acquiring new partners for the Williams F1 Team as well as continuing to be responsible for ensuring effective communication about the team and the group as a whole. The board concluded that Claires appointment would further strengthen its quality, diversity and effectiveness.
Williams are about to embark on their 38th year of Formula One competition following a difficult 2011 season which saw them finish ninth in the constructors championship.
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