Former World Champion Damon Hill is to step down as president of the British Racing Drivers' Club, after five years in the role.
Having played a key part in helping secure the long-term future of the British Grand Prix at Silverstone, the track which is owned by the BRDC, Hill believes it is now time to step aside so he can focus more on his personal interests. He will officially relinquish his position at the club's Annual General Meeting on Aug. 25.
Speaking about his decision, Hill said: "It has been a great privilege and honor to serve as BRDC President since 2006. "As a club and business, we can be immensely proud of everything we have achieved for British motor sport over the past few years.
"The BRDC and Silverstone face a stable and exciting future, so the timing is right for me to hand over the reins and devote more time to my family, my own interests, and the racing career of our son, Josh. However, I remain a committed Member of the BRDC and look forward to watching the club go from strength to strength."
Former grand prix driver Derek Warwick has been singled out as the leading candidate to replace Hill.
BRDC chairman Stuart Rolt said: "The Board is delighted that Derek is willing to offer himself for election as BRDC President, to take over from Damon. In Derek we have another hugely experienced, yet down to earth, genuine racer.
"In addition to his on-track success and recent work as a Director of the BRDC, Derek has been heavily involved in the management of the BRDC SuperStars and he very much shares Damon's passion for supporting young British drivers."