The Williams Racing Formula One Team announced Monday that CEO and Team Principal Jost Capito and technical director FX Demaison have left the Grove-based outfit.

Williams finished the 2022 season last in the Constructors championship on eight points after an improved 2021 campaign where they finished the year in eighth place. Capito who joined the team in 2021 following Dorilton Capital’s acquisition of the legendary team from the Williams family commented saying:

It has been a huge privilege to lead Williams Racing for the last two seasons and to lay the foundations for the turnaround of this great team. I look forward to watching the team as it continues on its path to future success.

Matthew Savage, Chairman, Dorilton Capital said:

“We would like to thank Jost for his hard work and dedication as we embarked on a major transformation process to begin the journey of reviving Williams Racing. We’re grateful that Jost postponed his planned retirement to take on this challenge and now he will pass the reins on for the next part of this staged process. We would also like to thank FX for his contribution and wish him all the best for his future as he moves on.”

Williams will announce their new management structure in due course. The team go into 2023 with a new line-up as Nyck De Vries joins Alex Albon at the outfit.

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