Toto Wolff has 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. In his new role Toto will assist and support Sir Frank Williams in his continuing position as Team Principal.
As a shareholder in and Executive Director of Williams Grand Prix Holdings PLC, Toto will work closely with Sir Frank Williams, each being a long term and committed shareholder of the business.
While it is clear that the team has needed a new day-to-day figure to replace Adam Parr, it is not clear just how much Wolff will be doing. He owns only around 16 percent of the shares, compared to Williams’s 50.3 percent and has other businesses that keep him busy, so it remains to be seen whether or not he will do more than be a front man at races.
“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,” Williams said.