Williams Grand Prix Holdings PLC has appointed Paddy Lowe as its new Chief Technical Officer for the Williams Group. He starts work today and will take over the management responsibility for all engineering operations at Grove. He will also join the company’s board of directors and take a shareholding in the company. It is not yet clear what percentage that will be, nor where it will come from, but this will need to be made public soon as the company is listed on the Frankfurt Stock Exchange. Lowe moves to Williams from Mercedes-AMG Petronas Motorsport, where he was Executive Director (Technical) from June 2013 until a few weeks ago.
For Lowe it is a return to where his Formula 1 career began 30 years ago, as a control systems engineer, working with Sir Patrick Head and Adrian Newey. He stayed with the team for six years and played an important role in developing the active suspension system which took Nigel Mansell to the 1992 World Championship. He was then poached by McLaren, where he stayed until joining Mercedes, although in 2013 there was a plan for him to join Williams, but when shareholder Toto Wolff moved to Mercedes, he convinced Lowe to go with him.
“I‘ve always had a deep respect for Williams – my first team in Formula 1,” Lowe said. “It is a huge honour to return in this leadership position and to have the opportunity to become a shareholder. I am extremely motivated to play my part in bringing success back to the team. The vision for the future set out by the Williams board is powerful and has compelled me to join an organisation committed to building on its unique legacy and to reaching the pinnacle of Formula 1 once again. I’m looking forward to this exciting new phase to my career.”
Williams chairman Nick Rose said: “Paddy will be a great addition to our board, bringing his deep technical expertise and overall business knowledge and management skills. Alongside Claire and Mike, he will be one of the three key executive directors running our business day-to-day.”