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Williams F1

Discussion in 'F1' started by BJMoravek, Mar 3, 2011.

  1. jgonzalesm6

    jgonzalesm6 F1 World Champ
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    Williams Grand Prix Engineering Board Announcement
    03 Sep 2020


    Williams Grand Prix Engineering today announces that Matthew Savage, Darren Fultz and James Matthews will make up the company’s new Board of Directors following Dorilton Capital’s acquisition of the team that was announced on 21 August.

    Matthew Savage is the Chairman of Dorilton Capital. Dorilton is a private investment firm headquartered in the United States and Matthew has led the team since its inception in 2009. Prior to founding Dorilton, Matthew was with Rothschild for 22 years in both London and New York advising clients regarding M&A and restructuring transactions.

    Darren Fultz co-founded Dorilton Capital in 2009 and became CEO in 2018. Prior to this he held positions with Rothschild where he provided corporate finance and M&A advice and with C3i and ZS Associates where he provided sales and marketing strategy and analytics advice. Darren sits on the Board of Directors at all of Dorilton’s portfolio companies.

    James Matthews is the CEO of Eden Rock Group, an investment advisory firm headquartered in London that was established in 2001. James is a former British racing driver and the co-founders of Eden Rock have a background in motorsports spanning more than 30 years.

    The new Board recognises and appreciates the importance of retaining Williams’ heritage and culture and will continue to work with the senior management to leverage its capabilities to return it to racing competitively.

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    https://www.williamsf1.com/news/2020/09/williams-grand-prix-engineering-board-announcement
     
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  3. PerKr

    PerKr Karting

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    or maybe someone who can actually lead the design team towards making a competitive car and have it finished in time for testing...
     
  4. freshmeat

    freshmeat F1 Veteran

    Aug 30, 2011
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    Claire: "Over my dead body!"
    Everyone else: "Yep."
     
  5. garrobitto

    garrobitto Karting

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    Bye Claire! I wish see more women on key position in the future...
     
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  7. Korr

    Korr F1 World Champ
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    I knew this was going to happen, but I didn't know it was going to happen right away. Claire must have been a real PITA for this to happen so quickly.
     
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  8. 1monza

    1monza Karting
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  9. kes7u

    kes7u Formula Junior

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    I simply don't understand the drivel in these press releases. Why can't anyone simply state the truth:

    Claire: I would like to have continued my work in order to try to take Williams back to the front of the grid, but the new owners at Dorilton Capital have decided to go in a different direction.

    Dorilton Capital: We thank Claire for her hard work and years of service, but have decided to go in a different direction.

    It is obvious that this was not her choice and like everyone else this happens to, she does not want to spend more time with her family.

    I will just never understand why both sides can't just admit the truth. No harm done.

    Kevin
     
  10. johnireland

    johnireland F1 Rookie
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    Williams is just the latest to suffer the reality of the 21st century. It's all just packaging now. Could this also be the future of Ferrari F1. Leave the motor car with Fiat and have an outside investor group (Stroll?) run Ferrari F1...(removing the F1 money pit from Fiat's books). After the death of Enzo, the whole operation was always just outsiders managing (or mismanaging) a "brand name." Much as Porsche is now just a brand name, run by conglomerates who make money off the name but have no personal connection to the history of the company. The owners and drivers of Ferraris (and Porsches) are the ones who care about what the name use to mean, and its history. That's why we mourn its current condition. Maybe some employees also share the sadness, but I believe the folks running the operation only care about how they look and they'd jump ship for a better offer at first chance.
     
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  12. Mitch Alsup

    Mitch Alsup F1 Veteran

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    Everyone else: "That can be arranged!"
     
  13. sp1der

    sp1der Formula 3
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    Not a good week for Williams, with Lotus also cancelling Evija contract with WAE, suspect all linked.
     
  14. william

    william F1 World Champ
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    I agree with that.
    Lotus without Chapman, Ferrari without Enzo, Porsche without Ferry, McLaren without Ron Dennis, Aston Martin without David Brown will never be the same.
    They were the men who built the success and give and impetus to their companies.
    The heritage of these famous firms is carried over by enthusiasts and probably not by their new owners more interested by the balance sheet.
    That's why I couldn't be sentimental about any team.
     
  15. amerikalei

    amerikalei Karting

    May 23, 2011
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    Well, it seemed like a good day to pull out Doug Nye's book Racers (published 1982) one more time. Quite a story. Hats off to all they achieved across the years.
     
  16. Igor Ound

    Igor Ound F1 Veteran

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    How many British owned teams are left now?
     
  17. Nuvolari

    Nuvolari F1 Veteran
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    Private equity guys running the show. You will pardon if my confidence is low.
     
  18. william

    william F1 World Champ
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    None, by the look of it.
     
  19. 05011994

    05011994 Formula 3
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    Can they do a worse job that the previous management?
     
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  20. Mitch Alsup

    Mitch Alsup F1 Veteran

    Nov 4, 2003
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    When you let "money people" collect billions and billions and pay virtually no taxes, stuff like this happens.
     
  21. Bas Jaski

    Bas Jaski Three Time F1 World Champ
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  22. Korr

    Korr F1 World Champ
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  23. fatbillybob

    fatbillybob F1 World Champ
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    I'm not sure how I feel about this. https://theparcferme.com/sir-frank-and-claire-williams-to-leave-f1-after-monza/?fbclid=IwAR18DUYrrxh1nCr0ivpBQxGZuZDP3gHFZV5xOk8lbMOlX5fHKPuZeJX6Caw

    I hate to see williams leave a family team but they really are backmarkers and I don't see how they can return to former glory without a huge injection of cash and talent. OTOH we accepted a team that came from selling soft drinks pretty quick. The world loves winners. We will see what the next guys can do. They can't do much worse than Ferrari...
     
  24. william

    william F1 World Champ
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    That's the bottom line.
     
  25. Korr

    Korr F1 World Champ
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    This makes Christian Horner the current most experienced team boss at 16 years.
     
  26. Igor Ound

    Igor Ound F1 Veteran

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    About time he goes too...
     
  27. DF1

    DF1 F1 World Champ
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    Royalty link in new three-man Williams board following family exit
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    Williams Grand Prix Engineering has unveiled a new three-man board of directors following the departure of the Williams family.

    Dorilton Capital's acquisition of the team has led to two of the US-based private investment company's board in chairman Matthew Savage and co-founder Darren Fultz taking up positions.

    The third member is James Matthews, a former British racing driver, who is the brother-in-law of Prince William.

    In 2017, Matthews married Pippa Middleton, who is sister to the Duchess of Cambridge, Kate Middleton.

    The 45-year-old, co-founder and CEO of Eden Rock Group capital management, previously competed in the British F3 Championship, while in 1994 he won the British Formula Renault Championship and Eurocup Formula Renault before embarking on a career as a city trader the following year.

    As yet, no announcement has been made as to who will take up the day-to-day running of Williams F1, although the team has stated it will "ensure this is clear ahead of Mugello", referring to next weekend's Tuscan Grand Prix.

    A statement from the new board declared that it "recognises and appreciates the importance of retaining Williams’ heritage and culture and will continue to work with the senior management to leverage its capabilities to return it to racing competitively".

    The new board members take over from Mike O'Driscoll, Group CEO, Claire Wiliams, Mark Biddle, general counsel and company secretary, chief financial officer Doug Lafferty, while Nick Rose served as non-executive chairman and Brad Hollinger a non-executive director.
     

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