Adam Parr steps down as chairman of Williams

Adam Parr steps down as chairman of Williams

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Filed under: Motorsports, Hirings/Firings/Layoffs

39b4eb53b7parr.jpg  Adam Parr steps down as chairman of Williams

Williams without Frank Williams just wouldn’t be Williams, but the elderly, wheelchair-bound founder of the eponymous Formula One team knows he can’t be running things forever. That’s where Adam Parr came in, but now he’s on his way out.

Parr joined Williams back in 2006 as chief executive officer, was subsequently promoted to chairman in 2010, and was seen by many – including Sir Frank himself – as a potential successor to take over the team when the founder was ready to retire. Under his direction, Parr oversaw a comprehensive restructuring of the team’s technical staff, a new engine supply deal with Renault, the team’s emergence as a hybrid powertrain consultant outside the sport, and the company’s IPO.

However, Williams has officially announced that Parr is stepping down and leaving the company. In his place will be appointed Nick Rose, a board member of Williams Grand Prix Holdings and a former CFO of liquor giant Diageo. No word on where Parr will be headed next – the statement after the jump alludes only to his desire to find “a better balance in his life” – or the real reason behind his departure, but it looks like Sir Frank will have to find a new successor.

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Adam Parr steps down as chairman of Williams originally appeared on WorldCarsNews on Wed, 28 Mar 2012 18:41:00 EST. Please see our terms for use of feeds.

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