Mike O’Driscoll, chief executive officer, Williams Grand Prix Engineering, has announced his intention to retire.
The recent sale of Grove-based Williams Grand Prix Engineering to Dorilton Capital marked the successful conclusion of the strategic review announced earlier this year and secures the long-term future of the Williams F1 team. It followed the agreement of the new Formula One Concorde that provides a solid foundation for the future of the sport, especially independent constructors such as Williams.
O’Driscoll will support the transition of ownership through this year and ensure that the team is well positioned to build for the future.
Mike O’Driscoll commented: “It has been and remains a huge privilege to be part of this great team. I am proud to have played my part in securing the long-term future of Williams and look forward to working closely with Matthew and his team, to ensure a smooth transition and the best possible trajectory for the team’s future success.”
Matthew Savage, chairman of Dorilton Capital and Williams Grand Prix Engineering, said: “Mike has made a huge contribution as CEO, working alongside the Williams family since the IPO in 2011. He has steered the corporate side of the group admirably through challenging times and has been invaluable in preparing Williams for the next exciting phase.”