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WILLIAMS GRAND PRIX HOLDINGS PERSONNEL ANNOUNCEMENT

DGAP-News: Williams Grand Prix Holdings PLC / Key word(s): Change of
Personnel
WILLIAMS GRAND PRIX HOLDINGS PERSONNEL ANNOUNCEMENT

29.05.2013 / 12:21

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WILLIAMS GRAND PRIX HOLDINGS PERSONNEL ANNOUNCEMENT

29th May 2013, Grove, UK. Williams Grand Prix Holdings PLC (Ticker: WGF1)
has announced that Mike O'Driscoll will become Group CEO with effect from
today.

O'Driscoll, formerly Managing Director of Jaguar Cars (2007 - 2011) and
ex-President of Aston Martin Jaguar Land Rover in North America (2001 -
2007), has been appointed Group CEO to guide the long term future of
Williams. The newly created role will see the Williams F1 Team and Williams
Advanced Engineering united under one management structure and will enable
Mike to provide support to Sir Frank Williams, founder and Team Principal
and to work in partnership with Claire Williams, Deputy Team Principal.

Mike will lead the Executive Committee who will report to him and in turn
he will report to Sir Frank Williams and the Williams Grand Prix Holdings
board.

Alex Burns, previously Chief Executive Officer of Williams Grand Prix
Holdings PLC, will leave the company with immediate effect. Williams thanks
him for the significant contribution he has made to the business and wishes
him well in his future endeavours.

Sir Frank Williams said: 'Mike has been a valued member of our Board since
2011 as a Non-Executive Director and I am delighted that his day to day
involvement in the company is to significantly increase. This new role
strengthens the company and will help us achieve our goals both on the race
track and in diversification. Mike brings with him significant skills and a
wealth of experience. Working with Claire, I am in no doubt that the future
of Williams is in safe hands.'

Claire Williams said: 'Today's announcement is not only great news for the
company, but is further evidence of the execution of our long term strategy
for business success. Mike brings with him a unique mix of skills and
capabilities and he is a passionate motorsport enthusiast with significant
automotive industry experience. I have every confidence that he can drive
the business forward to deliver an improved performance for both the
Williams F1 Team and Williams Advanced Engineering.'

Mike O'Driscoll, Williams Group CEO, said: 'I am honoured that the Board
has entrusted me with the position of Group CEO. I have been proud to serve
as a Non-Executive Director since 2011 and in my new role, I am very much
looking forward to helping Sir Frank and Claire achieve the ambitious goals
we have set ourselves.'

-Ends-




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