Adam Parr in happier days earlier this yearEnlarge Photo
Williams F1 team has been looking better on the track, now that it is using Renault engines and has been working on its aerodynamics. Continuing with Pastor Maldonado for a second season and bringing along Bruno Senna has given optimism to the former championship-caliber squad.
Today we learned that heir apparent to founder Sir Frank Williams, Adam Parr has resigned his position as chairman of the board of directors for the team. Sir Fank Williams said Parr was "seeking a better balance in his life." No further explanation was given for the change.
Williams, who turns 70 this year resigned from the board of his company last month in what he termed "the next stage in a gradual but inevitable process of handing over the reins."
In the immediacy of Parr's resignation, it's unsure who will replace him as chairman, but there will certainly be a game of musical chairs in the Williams F1 board room. The team did state Nick Rose has been appointed non-executive chairman.
As a majority and controlling shareholder, Williams is expected to assume a more active role in running the team. He'll be assisted by minority shareholder and non-executive director Toto Wolff, an Austrian businessman, together with chief executive officer Alex Burns.
In a statement from the team Parr said, "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 well."
Frank Williams commented about Parr, whom he asked to join the team at the close of the 2006 season in support of his management, "Over five years, Adam's achievements have surpassed my expectations and I must thank him for his service. Not least for the decisive role he played in the technical changes made last year which are beginning to show through in the team's improved competitiveness this season, and for leading this company to a successful IPO," which launched on the Frankfurt stock market.
"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."
Parr had his power struggles at the Grove-based team; Patrick Head, who had been Williams' right hand stepped down last year during the season while technical director Sam Michael resigned his position, also in a power struggle.
Although Maldonado failed to score points last weekend at Malaysia, Senna did bring the FW34-Renault home in sixth place during that most challenging race.