Royalty link in new three-man Williams board following family exit

Williams Grand Prix Engineering has unveiled a new three-man board of directors following the departure of the Williams family.

Dorilton Capital's acquisition of the team has led to two of the US-based private investment company's board in chairman Matthew Savage and co-founder Darren Fultz taking up positions.

The third member is James Matthews, a former British racing driver, who is the brother-in-law of Prince William.

In 2017, Matthews married Pippa Middleton, who is sister to the Duchess of Cambridge, Kate Middleton.

The 45-year-old, co-founder and CEO of Eden Rock Group capital management, previously competed in the British F3 Championship, while in 1994 he won the British Formula Renault Championship and Eurocup Formula Renault before embarking on a career as a city trader the following year.

As yet, no announcement has been made as to who will take up the day-to-day running of Williams F1, although the team has stated it will "ensure this is clear ahead of Mugello", referring to next weekend's Tuscan Grand Prix.

A statement from the new board declared that it "recognises and appreciates the importance of retaining Williams’ heritage and culture and will continue to work with the senior management to leverage its capabilities to return it to racing competitively".

The new board members take over from Mike O'Driscoll, Group CEO, Claire Wiliams, Mark Biddle, general counsel and company secretary, chief financial officer Doug Lafferty, while Nick Rose served as non-executive chairman and Brad Hollinger a non-executive director.

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