Toto Wolff has increased his influence over the Williams F1 team by stepping up to an executive position on the board.
The Austrian, who has been a minority shareholder of the company since 2009, will “assist” Sir Frank Williams in his role as team principal.
Clearly over time he has come to gain Williams’ trust and as the company changes, with Patrick Head retiring and anointed successor Adam Parr being moved on, Wolff will understudy Williams, who is now 70 years old. One of his tasks will be to find strong partners to take the team forwards. It is over-reliant on the money from Venezuelan oil company PDVSA at present.
It is very clear when you visit the Williams team’s motorhome, that Wolff is already a central figure. Together with his wife Susie, he works the room methodically and spends a lot of time with sponsors and prospective sponsors.
Parr was the CEO of the business until his departure earlier this year. An abrasive figure, it is believed that Bernie Ecclestone was keen not to have to deal with him any longer and with Wolff also expanding his influence, Williams changed course and parted ways with the Cambridge graduate, who he had anointed as his successor.
“Toto’s new role, working closely alongside myself, is about Williams looking forward and managing the successful running of the company, ” Williams, said. “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.”