3 Mar 2012

Motor racing-Frank Williams to leave board of F1 team

9:07 am on 3 March 2012

Founder and principal Frank Williams will step down from the board of former Formula One world champions Williams at the end of the month.

The 69 year old said in a statement it was the next step in a gradual process of handing over the reins to the next generation.

Williams will continue to work full-time as Team Principal and continue to attend Board meetings as an observer.

Williams, whose daughter Claire will join the board on April 1 as director of marketing and communications, remains as the majority shareholder in Williams Grand Prix Holdings PLC.