The Williams family will no longer be involved with the team after the conclusion of this weekend’s Italian Grand Prix.
Claire Williams operates as the Deputy Team Principal for the historic team which her father Sir Frank Williams started in the late 70s.
Sir Frank has operated as Team Principal in a less hands-on role since his daughter was appointed but was still involved on the board of the team.
Under Claire’s tenure the team achieved third in the constructor’s championship in 2014/15 before slipping back to where it is now, finishing 10th in 2018/19.
Williams is the third most successful Formula 1 team in terms of wins and second in terms of constructors titles.
However their last win came in 2012 courtesy of Pastor Maldonado and points have not looked close in the past few years, let alone victories.
Dorilton Capital, a private investment firm, were announced as the new owners of the team before the Spa weekend. Williams said that she is making way for Dorilton to have a fresh start with the team.
Claire Williams said in a statement: “It is with a heavy heart that I am stepping away from my role with the team. I had hoped to continue my tenure long into the future and to preserve the Williams family’s legacy into the next generation.
“However, our need to find inward investment earlier this year due to a number of factors, many of which were outside of our control, resulted in the sale of the team to Dorilton Capital. My family has always put our racing team and our people first and this was absolutely the right decision. I know in them we have found the right people to take Williams back to the front of the grid while also preserving the Williams legacy.”
“I have taken the decision to step away from the team in order to allow Dorilton a fresh start as the new owners. It has not been an easy decision but it’s one I believe to be right for all involved. I have been enormously privileged to have grown up in this team and in the wonderful world that is Formula One.
“I have loved every minute and will be forever grateful for the opportunities it has given me. But it’s also an incredibly challenging sport and I now want to see what else the world holds for me. Most importantly, I want to spend time with my family.
“I would like to thank Dorilton [Capital] for their support and for understanding my decision. I would also like to thank our fans who have stuck by us through thick and thin.
“Our people at Williams have always been family, they have kept me motivated during the difficult times and it is them who I will miss the most. It is my genuine hope that the process we’ve gone through brings them the success they deserve. And finally, I would like to thank my Dad for everything he has given to the team, the sport and our family.”
There has been no announcement about who will be promoted to replace Williams or how Dorilton Capital will structure the team following the departure therefore more announcements are expected after the Monza weekend.
Matthew Savage, Chairman of Dorilton Capital and Williams Grand Prix Engineering, said: “We fully respect the very tough decision of Claire and the Williams family to step away from the team and the business after securing new resources for its future.
“Claire’s achievement in sustaining Williams Racing’s heritage, relevance and commitment to innovation in a difficult environment since taking charge in 2013 has been nothing short of monumental. She has also been hugely instrumental in shaping a more level technical and financial playing field for F1, which will help to ensure the team’s return to the front of the grid in seasons to come.
“We are proud to carry the Williams name into the next exciting phase for the sport and we thank Sir Frank, Claire and the Williams family for the opportunity to be part of this great British brand.”