"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," said Matthew Savage, chairman of owners Dorilton Capital. Jere (@jerejj) 13th December 2022, 11:07, 2023 Collantine Media Ltd | About RaceFans, Honda Racing Corporation registers to enter F1 as power unit manufacturer in 2026, Replacing Chinese GP on 2023 calendar not worth it for teams Domenicali, Hamilton and Bono 10 years of F1s most successful driver-engineer duo, F1 in strongest position ever says Domenicali as revenue hits 2bn in 2022, F3 grid complete as Hitech sign GB3 champion Luke Browning. Like a conductor of an orchestra, when things go well, the team principals job is safe. Netflixs Drive to Survive has made household names out of some of them, or introduced others to new masses of fans. Will the stripped-back W14 return Mercedes to the front? McLaren - Andreas . Williams have announced the departure of Jost Capito and technical director Francois-Xavier Demaison ahead of the 2023 F1 season; the duo depart after a year which saw Williams finish bottom of the Constructors' Championship with just eight points. "However, with the transition well underway I am looking forward to a new challenge and wish everyone in the team well for the future. Last modified on Tue 13 Dec 2022 04.34 EST Williams have announced the team principal and chief executive, Jost Capito, will step aside before the 2023 Formula One season. Jost Capito, the Team Principal of Williams Racing, won't be continuing in his role for next season. GROVE, England (AP) Team principal Jost Capito and technical director Franois-Xavier Demaison are leaving Williams after it finished last in the Formula One constructors' championship . The Formula 1 paddock has been shaken by the sudden departure of Jost Capito as Williams team principal. For the 2022 season, most of the teams have kept the same team principals as they had in 2021. Well, this is unexpected! Spencer (@spencer) 12th December 2022, 19:13. Hopefully contingency plans have been in place for quite a while. The restructure will also see Francois-Xavier Demaison, who joined as technical director from Volkswagen earlier this year, take accountability for trackside and engineering. Williams have announced that Jost Capito has stepped down as team principal following two years with the team. Promoted content from around the web | Become a RaceFans Supporter to hide this ad and others. . The Williams F1 team, which won nine constructors' championships in the 1980s and 1990s, finished last in four of the last five F1 championships following a steady decline in recent decades. James Vowles was recently appointed by Williams as their team principal for the 2023 F1 season and beyond. 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, Jost said in a statement. Dorilton Capital chairman Matthew Savage thanked both Capito and Demaison for their work with the team over the last two season. "The team is an icon of our sport, one I greatly respect, and I am very much looking forward to the challenge. Five reasons to download the Williams Racing app for the 2023 F1 season Yesterday WATCH: Testing complete, on to the season 26 Feb 2023 James Vowles reflects on "very successful" pre-season test 25 Feb 2023 Schedule See All Next 03-05 Mar 2023 Practice 1 03 D 02 H 46 M 17 S Upcoming 17-19 Mar 2023 Jeddah Corniche Circuit Learn More Standings Matthew Savage, chairman of Dorilton Capital, thanked Capito for his work as well as his decision to postpone his retirement. The 64-year-old. Williams confirmed that both Capito and Demaison will leave their posts during the off-season. Claim your unique Driver Card today and officially become a member of the team. Capito steps down as Williams F1 team principal | Reuters Every weekday. Are they going to Ferrari or Sauber (Alfa) in advance to the arrival of Audi?! it was going to expire this month), with the indication being that the short length was because Capito was close to his original planned retirement date. This could be reinforced with the rumours that Fred Vasseur is going to Ferrari. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The 64-year-old. Let us know! How was Alonso so fast on day one of 2023 F1 testing. 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A team statement on Tuesday said the move is part of streamlining exercise aimed at moving Williams back to the front of the grid. Williams Racing will announce its new Team Principal and Technical Director in due course. Williams didn't enjoy their finest campaign in 2022, the team scoring eight points with Nicholas Latifi, Alex Albon and - for one race - Nyck de Vries at the wheel. F1 quiz: Can you name the 2023 F1 circuits by their layouts? is Jost retiring, or, on gardening leave???? 12th December 2022, 17:04 | Written by Will Wood. "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," said Capito, a former McLaren chief executive. Vowles is best known for his role in race strategies at Mercedes, including occasional messages to the drivers over team radio explaining decisions on the pit wall. (This includes the Reuters Weekend Briefing.) He is one of the most highly respected talents in Formula One and will bring performance. What are they tasked with and who even are they for the 2022 season? Got a potential story, tip or enquiry? Photo by Mark Thompson/Getty Images. Partner of USA Today Sports Digital Properties, Garage 56 coach role more about give and take for Jordan Taylor, BoP revolt brewing among IMSA's Porsche GTD teams, RACER's 2023 IndyCar season preview: Ed Carpenter Racing, RACER's 2023 IndyCar season preview: Dale Coyne Racing. 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It is therefore being reported that the original contract between Capito and Williams was only for two years (i.e. In a shocking turn of events, Williams have chosen former Mercedes chief strategist James Vowles as their team principal for the 2023 season. Capito is the second F1 team principal to leave his role since the end of the 2022 season in Abu Dhabi last month following Mattia Binotto's departure from Ferrari. Williams F1 team principal James Vowles has confirmed that hiring a new technical director is the team's 'number one' prerogative heading into the 2023 F1 season. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. On an F1 grand prix weekend, the person in overall charge of the race team is the team principal. The Williams F1 team, which won nine constructors' championships in the 1980s and 1990s, finished last in four of the last five F1 championships following a steady decline in recent decades. Have something to tell us about this article? Williams has tremendous potential, and our journey together starts in a matter of weeks.". Former Formula 1 driver Anthony Davidson has tipped James Vowles to succeed in his new role as Williams' team principal. F. X. Demaison left his role as the team's technical director at the end of the 2022 campaign and Vowles is keen to fill the void left by the Frenchman to bring more structure to the team. It is unclear whether this decision was a long time coming or a more recent choice. Maria Bright 09 Mar 2022 7:20 PM Team principal of Williams, Jost Capito, says that despite the spending cap, the disparity between F1 teams is still too big. "He has been a key part of some of the most impressive feats in the sport over the past 15 years. F1 Team Principals for the 2022 season: Mercedes- Toto Wolff Red Bull- Christian Horner Ferrari- Mattia Binotto McLaren- Andreas Seidl Alpine- Otmar Szafnauer AlphaTauri- Franz Tost Aston Martin- Mike Krack Williams- Jost Capito Alfa Romeo- Frederic Vasseur Haas- Guenther Steiner We would also like to thank FX for his contribution and wish him all the best for his future as he moves on., Capito said that he will look forward to watching the team as it continues on its path to future success.. Red Bull - Christian Horner - 2005. They might not known the details of race strategy in depth, but they know how to get the people who do working well together, such as McLarens Andreas Seidl, below. Williams Grand Prix Engineering Limited is a company registered in England and Wales under company number 1297497. Williams have announced that team principal Jost Capito and technical director Francois-Xavier "FX" Demaison are both stepping down from their positions. Speaking following the announcement, Capito said it had been a huge privilege to lead the team. LONDON, Dec 12 (Reuters) - Williams Formula One team principal and chief executive Jost Capito is stepping aside after two years in charge and technical director Francois-Xavier Demaison is also leaving, the former champions said on Monday. GROVE, England (AP) Team principal Jost Capito and technical director Franois-Xavier Demaison are leaving Williams after it finished last in the Formula One constructors' championship . As Andretti seeks F1 entry, can it produce its first IndyCar champion in a decade? But what do F1 team principals actually do? Ferrari team principal Mattia Binotto offered his resignation at the end of the month following Ferraris disappointing end to the 2022 season, where the teams championship challenge faded and rivals Red Bull claimed both world championship titles. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Roberts joined the team from McLaren in June, 2020 as managing . We would also like to thank FX for his contribution and wish him all the best for his future as he moves on., Read more:Williams 2022 season review Respectability during first proper season under new ownership, Planet Sport Limited 2023 All Rights Reserved, Williams Announce Shock Departure Of Team Principal Jost Capito, Williams 2022 season review Respectability during first proper season under new ownership, Ted Kravitz quite surprised Williams are yet to recruit new technical director, James Vowles highlights number one priority for Williams after Mercedes switch, Ted Kravitz highlights four possible F1 teams for sale if the price is right, James Vowles first statement as he begins day one as Williams team boss, Paddock theory that Mercedes missed a trick with power unit development freeze, 10 storylines to be excited about ahead of the new F1 2023 season, Ted Kravitz on why Lando Norris McLaren deal may be a little tricky to escape. Frenchman Demaison was appointed in March 2021. Technical Director FX Demaison will leave his post after joining in 2021. "Were 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. James Vowles first team talk at Williams. Your use of this website constitutes acceptance of our Privacy Policy and Terms & Conditions. Williams Announce The Departure Of Team Principal Jost Capito, Martin Brundle REACTS to your F1 Hot Takes. 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, said Savage. Williams is due to host a preseason launch event at its factory on Feb. 6 at which drivers Alex Albon and new American signing Logan Sargeant will unveil the team's new car livery for 2023. May 1989 - Sep 201223 years 5 months. New Williams Formula 1 team principal James Vowles says his priority is to put a new technical structure in place at the Grove outfit. The former Mercedes man will be just the third. Whats going wrong with McLaren in F1 2023 so far? Capito joined Williams first as CEO in December 2020 before taking over as. The technical director, Franois-Xavier (FX) Demaison, will also leave his post. "Simon has played an integral role in managing the transition over the last 12 months and I would like to thank him for his great contribution during that time," Capito said. "I cannot wait to start with Williams Racing," Vowles said. Capito, 64, was appointed chief executive of the Mercedes-powered team in December 2020 and took on the role of principal in June 2021 when Simon Roberts departed. 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. Capito led Williams since the multiple world championship-winning team was purchased by Dorilton Capital in 2020. Jost joined from the start of the 2021 season, taking over the role and responsibilities of the Williams family. Jost Capito, the Team Principal of Williams Racing, wont be continuing in his role for next season . Capito is the second team principal to step down since the end of the season. 2022 Williams F1 Team Profile. New year, new season, new Team Principal!- - - - - Formula 1 Game Playlists - - - - - F1 22 F1 22 DRIVER CAREER MODE Playlist https://youtube.com/pl. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. In that time, Williams found themselves back in the points, with George Russell even getting himself a podium in a very strange set of circumstances at Spa. What exactly does an F1 team principal do in grands prix? 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