The Chief Executive Officer of Williams has left the team by mutual consent. Chris Chapple has been their since the start of 2005, has negotiated through some tricky times for the team and is leaving them in "robust commercial and operational health."

Frank Williams has spoken about the changes.

The next two years will present different challenges for Williams. As a result, we have mutually agreed that Chris will leave the team and move on to a new challenge. I sincerely thank Chris for his contribution to the team over the last two years and wish him all the best for the future.

- Frank Williams