Williams: Hungary like the Wolff

Williams F1 announced an expanded role for investor Toto Wolff ahead of the Hungarian Grand Prix. The new role will be as Executive Director of Williams Grand Prix Holdings PLC with immediate effect. 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. Wolff also is involved with former Formula One driver Mika Hakkinen in a driver management program that entails the career of  Valtteri Bottas.

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.”

It a good time for Wolff to enter Williams F1 as more than just an investor as the team has seen a resurgence of major proportions, contextually speaking, after suffering their worst season in the team’s history in 2011.

The team heads for Hungary this week with 47 points in the Constructor’s Championship placing them 7th for the season. With the driving performances of Pastor Maldonado, the team very well could take the fight to Sauber in 6th. Wolff will no doubt have a hand in helping the team make use of its new Renault engine as well as the design skills of Mike Coughlan.

Wolff is an accomplished businessman and has many investments outside Williams F1 but his role in the team may be filling a void left by the surprise exit of Adam Parr back in March. The experience he brings from the business and investment world may be a good influence on the team in the long run.

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