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Adam Parr resigns from Williams F1 - Management at Williams is set for a reshuffle

Published by Christine

Parr heads for the exit
Parr heads for the exitCredit: Glenn Dunbar/LAT

Williams F1 have released a statement this very morning with the surprise announcement that CEO Adam Parr will leave the team at the end of the week.

The team suffered a difficult 2011 season but had put their confidence in a renewed squad to get better results this year. With two races under their belts, they are starting to pick up a few points, and things are looking better.

However, Parr is clearly not happy with his current situation and will depart the team this Friday.

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.

- Adam Parr

Parr will be replaced by Nick Rose, who has been a Non-Executive Director and will be promoted to a Non-Exec Chairman. Frank Williams spoke of the news.

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.

- Frank Williams

The news is more of a surprise after the faith the team put in Parr at the end of February. Back then, Frank said:

If for whatever reason I couldn't come in to do my job, Adam would fill the gap. He's a young man and physically fit like I was at his age. He's not a racer but, in a way, that's probably an advantage in these distinctly commercial days. He's very good at making financial decisions and working out cost-to-benefit. And he can hold his own in the Formula 1 meetings.

- Frank Williams

This must come as a surprise to the team, particularly as they appear to be on the up from the difficult days of last season. Will Parr's departure rock the boat, or will they be able to keep the succession plan in order and keep picking up those points.