Williams have announced team principal and chief executive Jost Capito will step aside ahead of the 2023 F1 season.
The 64-year-old German has led the team for the past two years. Technical director FX Demaison will also leave his post.
Williams, owned by US investment firm Dorilton Capital, will confirm its new team principal and technical director “in due course”.
“It has been a huge privilege to lead Williams Racing for the last two seasons and to lay the foundations for the turnaround of this great team," Capito said in a statement.
Jost, thank you for having the trust and belief in me throughout my time in the academy and helping me on my path to F1. He gave me an opportunity to show my potential and race in Formula 2. He has been a great team leader, and I wish him the best in whatever the future may hold! pic.twitter.com/b3zdKnualg
— Logan Sargeant (@LoganSargeant) December 12, 2022
“I look forward to watching the team as it continues on its path to future success.”
Matthew Savage, chairman of Dorilton Capital, said: “We would like to thank Jost for his hard work and dedication as we embarked on a major transformation process to begin the journey of reviving Williams Racing.
“We're grateful that Jost postponed his planned retirement to take on this challenge and now he will pass the reins on for the next part of this staged process.
“We would also like to thank FX for his contribution and wish him all the best for his future as he moves on."
