Toto Wolff will become an Executive Director of Williams Grand Prix Holdings PLC with immediate effect, stepping up his role within the company from that of Non-Executive Director, the team confirmed on Tuesday.
In his new role Wolff, a major shareholder in the team, will assist and support Sir Frank Williams in his continuing position as Team Principal.
Sir Frank Williams, said: “Toto’s new role, working closely alongside myself, is about Williams looking forward and managing the successful running of the company. I am looking forward to our new working relationship and I have every belief that this partnership will help take Williams F1 from strength to strength.”
Toto Wolff, said: “It’s a great honour for me to be assisting and supporting Sir Frank in his role as Team Principal at Williams. I have been a shareholder in the business since 2009 and I am really looking forward to being able to take my responsibilities to a new level. I know that together we will work tirelessly to make the Group and team as successful as it can be.”
With an upturn in their results this season, the company’s share price has been steadily rising from a low of €12.50 in September to a current high of €22.50.
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