07-08-2010, 10:56 PM
Williams steps down as team chairman
Quote:"I wish to emphasise very strongly that this is absolutely not my notice of impending retirement," he told reporters at Silverstone.
"I love Formula 1, I have a strong involvement in the company and go to work every day. When I'm going to retire hasn't crossed my mind."
"I am taking over the responsibility for the overall running of the company and the team within that, but Frank remains team principal and therefore remains the name, face and inspiration of the team.
"It's an enormous responsibility because Williams is a great company. Frank has been competing in F1 since 1969 and Williams Grand Prix Engineering Ltd since 1977 and the goal is to be doing that for decades to come.
"Part of the good order of company is to have a succession plan in place and Frank has made it clear what it is. I am very honoured to be part of it."