London: The Williams Formula One team has confirmed the appointment of Adam Parr as the company's Chief Executive Officer. Parr, who started his career as a banker, will take up his position on 27 November and will be a part of the Senior Management Group.


"I have followed Williams for many years and feel privileged to be able to work with the team," said Parr.
"Next season marks the beginning of a new era for us and I am particularly excited about the opportunity to develop our partnerships with Toyota and the existing sponsor community," he said.

Team owner Sir Frank Williams said Parr's experience would prove a valuable asset to the Grove-based outfit.

"Adam has been known to me for a long time. He is a passionate supporter of Formula One and Williams and I am confident that, with his wealth of experience, Adam will make a considerable contribution to the future progression of the business," he said.