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| Caroline Anne Williams |
"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," he said in a statement.
"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 [Parr] to make the group and the team just as successful as we can be. 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." He said.
Williams F1 chairman Adam Parr said: "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."
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