Mike O’Driscoll who was the CEO Williams racing announced his intentions to departure from the team following its sale to the Dorilton Capital company.

Mike O’Driscoll joined the Formula 1 team in 2011 and later in 2013 he was handed the role of CEO for the Williams team, since then he has been the CEO but the role was coming to an end with the team announcing the 64 year old is bound to retire. His biggest role was to oversee the team’s long term strategy and also supporting sir Frank Williams and Claire Williams.

O’Driscoll had also been among the board of directors for the team but it announced on Tuesday the new composition of directors who include Matthew Savage and Darren Fultz who are the co-founders of the Dorilton capital. James Matthews who is a former racing driver was also mentioned among the new board of directors.

“It has been and remains a huge privilege to be part of this great team. I am proud to have played my part in securing the long-term future of Williams and look forward to working closely with Matthew and his team, to ensure a smooth transition and the best possible trajectory for the team’s future success,” the former CEO commented on his retirement from the Williams team.

Williams new chairman Matthew Savage also went ahead to commend and congratulate O’Driscoll on his departure from the team.

“Mike has made a huge contribution as CEO, working alongside theWilliams family since the IPO in 2011, he has steered the corporate side of the group admirably through challenging timesand has been invaluable in preparing Williams for the next exciting phase.” Matthew Savage said.

This marks a major development in the Williams team following the exit of Sir Frank Williams who was the team founder and his deputy Claire Williams. It appears a major reorganisation in the team is underway.

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