While the Williams Formula 1 team braces for its final weekend under the leadership of team principal Sir Frank Williams and deputy team principal Claire Williams, the team's new owners have announced a new leadership group.
Williams Grand Prix Engineering will be directed by a three-member Board of Directors that includes businessmen Matthew Savage and Darren Fultz along with businessman and former British racer James Matthews.
Savage is the chairman of Dorilton Capital. Dorilton is a New York-based private investment firm that Savage co-founded in 2009.
Dorilton Capital announced on Aug. 21 that it had purchased the team.
Fultz co-founded Dorilton Capital in 2009 and became CEO in 2018.
Matthews is the CEO of Eden Rock Group, a two-decade-old investment advisory firm based in London. Both Matthews and Eden Rock Group have been involved in racing for more than 30 years. Matthews is also at arm's length from British royalty, as he is married to Pippa Middleton, whose sister Kate is married to Prince William.
Matthews is clearly the racer in the group. He raced in the British Formula 3 championships and even won the Eurocup Formula Renault Series in 1994.
"The new Board recognizes and appreciates the importance of retaining Williams’ heritage and culture and will continue to work with the senior management to leverage its capabilities to return it to racing competitively," the new group leadership said in a press release.
No word yet on who will be taking over for Sir Frank and Claire Williams in at-the-track operations for the team.
"Obviously sad news to know that the Williams family is not involved any more in Formula 1 in the future," said McLaren F1 team principal Andreas Seidl on Friday in Italy. "At the same time also positive news that, first of all, the Williams name stays in Formula 1 as far as I understand.
"For the future in front of us for Formula 1 there is actually interest of investors to join. And last but not least, I think it is very important for the employees as well in the Williams team that they know they have a good future."