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Williams F1 has announced that two new non-executive directors have been added to its board, starting on Wednesday. Mike O’Driscoll, Chairman of Jaguar Heritage and Edward Charlton, a Senior Advisor at Citibank International, join Christian ‘Toto’ Wolff, Austrian businessman and minority shareholder since November 2009.
“We would like to welcome Mike O'Driscoll and Edward Charlton to the board, joining Toto Wolff as non-executive directors,” says Williams Chairman Adam Parr. “Their varied experience and expertise enable each to bring valuable perspectives to the Board’s stewardship of our strategy, performance and resources.
“They will serve our minority shareholders well. It is our intention to appoint a fourth non-executive director before the year end.”
Wednesday morning saw the public company – based in Grove, Oxfordshire - announce its interim results for 2011, which predict that revenue for this year will increase by around 12 to 20 percent despite investments in Williams Hybrid Power and the Williams Technology Centre in Qatar.
“The first half of 2011 shows momentum in our diversified growth, building on the foundations we laid in 2010,” says Team Principal Sir Frank Williams.
“We have upgraded and extended existing partners Randstad and Oris and added Interbrand as a new partner. Our new partnership with Jaguar Land Rover was followed by an exciting alliance announced with Renault, which will further strengthen our medium term performance both on and off the track.”
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