Toto Wolff is to step up his involvement at Williams after taking up an executive director role that will result in him directly assisting team principal Frank Williams.
The Austrian has been a shareholder of the team since 2009 and, following the departure of chairman Adam Parr earlier this year, was already playing a greater role with the team. After evaluating his situation, it has been agreed that Wolff will now become an executive director on the board and play a more pivotal role alongside team founder Frank Williams.
Speaking about his new position, Wolff said: "It's a great honor 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."
Williams himself stepped down from the board earlier this year, and says that Wolff's increased responsibility will be a bonus in helping secure the team's future.
"Toto's new role, working closely alongside myself, is about Williams looking forward and managing the successful running of the company," he 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."