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Jost Capito (GER) Williams Racing F1 Chief Executive

Williams part ways with Capito and Demaison

Jost Capito (GER) Williams Racing F1 Chief Executive

Well-travelled Williams principal Jost Capito is stepping down after two years at the helm, while technical director Francois-Xavier Demaison is also departing.

Williams announced the news in the following statement: “Ahead of the 2023 FIA Formula One World Championship season, Williams Racing announces that, after two years at the helm of the Grove-based outfit as CEO and Team Principal, Jost Capito is stepping aside. Technical Director FX Demaison will leave his post after joining in 2021.”

Williams Racing will announce its new Team Principal and Technical Director in due course.

Jost Capito said: “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, commented: “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.”