DGAP-News: Williams Grand Prix Holdings PLC : Williams GP Holdings Personnel Announcements

(firmenpresse) - DGAP-News: Williams Grand Prix Holdings PLC / Key word(s): Change of
Personnel
Williams Grand Prix Holdings PLC : Williams GP Holdings Personnel
Announcements

02.03.2012 / 13:30

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WILLIAMS GRAND PRIX HOLDINGS PERSONNEL ANNOUNCEMENTS

2 March 2012. Grove, UK. Williams Grand Prix Holdings PLC (Ticker: WGF1)
today announced that Claire Williams will join the Board with effect from 1
April 2012 as Director of Marketing and Communications. The key marketing
position at Williams has become available following the decision of Dominic
Reilly to leave the Company at the end of March. At the same time, Sir
Frank Williams, Founder and Team Principal, announced his decision to step
down from the Board.

Adam Parr, Chairman, 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 Claire's appointment would
further strengthen its quality, diversity and effectiveness. I would also
like to join Frank in expressing sincere thanks to Dominic Reilly for eight
years' of dedicated service to Williams, during which he has been highly
successful in acquiring and working with our partners. Dominic plans to set
up a new venture, with the support of Williams, and we wish him great
success.'

Frank Williams, Team Principal, said, 'It is no secret that Claire is my
daughter but I am proud to say that she has fought hard to earn this
appointment and of all the battles she has had to fight, the prejudices of
her father were not the least challenging. Dominic Reilly has proven a


unique talent in the field of sports marketing and filling the gap he
leaves was daunting. But I have come to the view that Claire, with her
profound love and knowledge of the sport and the team, can do so and I am
proud and delighted that the Board has given her this opportunity. I am
equally delighted that Dominic will remain close to the team with his new
venture and that we can thank him for his contribution to Williams by
supporting him now.

'This is an opportune moment, also, for me to consider my own role in the
team. 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. This
is not as dramatic a move as it may appear: I shall continue to work
full-time as Team Principal and I shall continue to attend all Board
meetings as observer. I also remain the majority shareholder of Williams
Grand Prix Holdings PLC. Nonetheless, I shall be looking to Claire to
represent the Williams family on the Board and I know that she will work
tirelessly alongside Adam to make the Group and the team just as successful
as we can be.'

- Ends -

MEDIA CONTACTS Claire Williams M: +44 (0) 7977 275762 E:
claire.williams@williamsf1.com
Sophie Eden M: +44 (0) 7977
275808 E: sophie.eden@williamsf1.com


End of Corporate News

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