Williams Grand Prix Holdings PLC : Adam Parr to Leave Williams Grand Prix Holdings
DGAP-News: Williams Grand Prix Holdings PLC / Key word(s):
Miscellaneous
Williams Grand Prix Holdings PLC : Adam Parr to Leave Williams Grand
Prix Holdings
26.03.2012 / 08:16
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ADAM PARR TO LEAVE WILLIAMS GRAND PRIX HOLDINGS PLC
26 March 2012. Grove, UK. Williams Grand Prix Holdings PLC (WGPH, Ticker:
WGF1) today announced that its Chairman Adam Parr has resigned from the
Company. Adam will leave Williams on Friday 30 March 2012.
Nick Rose, ex-CFO of Diageo PLC and currently a Non-Executive Director of
WGPH and two FTSE100 companies, has been appointed Non-Executive Chairman.
Majority and controlling shareholder Frank Williams will continue to
oversee the Company with the support of shareholder and Non-Executive
Director Toto Wolff, Chief Executive Officer Alex Burns and the rest of the
Board.
Founder and Team Principal, Frank Williams said, 'I asked Adam to join
Williams at the end of 2006 to support me in the running of our team. Over
five years, Adam's achievements have surpassed my expectations and I must
thank him for his service. Not least for the decisive role he played in the
technical changes made last year which are beginning to show through in the
team's improved competitiveness this season, and for leading this company
to a successful IPO. Adam leaves us on good terms to pursue a better
balance in his life for which I wish him and his family well. He has left
us in good shape and I have every confidence that the Board and senior
management team at Williams will continue to drive the business forward
into a promising future.'
Adam Parr said, 'I am very grateful to Frank for giving me the opportunity
to work for Williams over the past five years - a period that has been both
challenging and rewarding. Williams is a unique team with over 500
great-hearted and talented people and many superb partners in and out of
Formula One. Williams is now set up to move forward and I wish everyone at
Grove well.'
Nick Rose, Chairman, said, 'I would like to thank the Board for nominating
me as Non-Executive Chairman of Williams. When I joined the Company, my
single purpose was to help restore the team to its former glory. Frank and
the Board believe that I can best do this as Chairman and I gladly accept
this responsibility. A lot of good work has been done to get us to this
point but we must continue to work hard if we are to achieve our
objectives.'
End of Corporate News
---------------------------------------------------------------------
26.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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162166 26.03.2012
DGAP-News: Williams Grand Prix Holdings PLC / Key word(s):
Miscellaneous
Williams Grand Prix Holdings PLC : Adam Parr to Leave Williams Grand
Prix Holdings
26.03.2012 / 08:16
---------------------------------------------------------------------
ADAM PARR TO LEAVE WILLIAMS GRAND PRIX HOLDINGS PLC
26 March 2012. Grove, UK. Williams Grand Prix Holdings PLC (WGPH, Ticker:
WGF1) today announced that its Chairman Adam Parr has resigned from the
Company. Adam will leave Williams on Friday 30 March 2012.
Nick Rose, ex-CFO of Diageo PLC and currently a Non-Executive Director of
WGPH and two FTSE100 companies, has been appointed Non-Executive Chairman.
Majority and controlling shareholder Frank Williams will continue to
oversee the Company with the support of shareholder and Non-Executive
Director Toto Wolff, Chief Executive Officer Alex Burns and the rest of the
Board.
Founder and Team Principal, Frank Williams said, 'I asked Adam to join
Williams at the end of 2006 to support me in the running of our team. Over
five years, Adam's achievements have surpassed my expectations and I must
thank him for his service. Not least for the decisive role he played in the
technical changes made last year which are beginning to show through in the
team's improved competitiveness this season, and for leading this company
to a successful IPO. Adam leaves us on good terms to pursue a better
balance in his life for which I wish him and his family well. He has left
us in good shape and I have every confidence that the Board and senior
management team at Williams will continue to drive the business forward
into a promising future.'
Adam Parr said, 'I am very grateful to Frank for giving me the opportunity
to work for Williams over the past five years - a period that has been both
challenging and rewarding. Williams is a unique team with over 500
great-hearted and talented people and many superb partners in and out of
Formula One. Williams is now set up to move forward and I wish everyone at
Grove well.'
Nick Rose, Chairman, said, 'I would like to thank the Board for nominating
me as Non-Executive Chairman of Williams. When I joined the Company, my
single purpose was to help restore the team to its former glory. Frank and
the Board believe that I can best do this as Chairman and I gladly accept
this responsibility. A lot of good work has been done to get us to this
point but we must continue to work hard if we are to achieve our
objectives.'
End of Corporate News
---------------------------------------------------------------------
26.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
162166 26.03.2012