It was announced yesterday that Williams shareholder Brad Hollinger has been appointed as a non-executive director of Williams Grand Prix Holdings.
Hollinger recently upped his shareholding to 15% following the purchase of shares previously owned by Mercedes boss Toto Wolff. The American is the chairman and CEO of Vibra Healthcare and first invested in Williams in 2014.
Speaking about his appointment Hollinger said the following to the media yesterday as follows:-
‘I’m honoured to be appointed to the Board of one of the world’s legendary motorsport teams. I have tremendous faith in the potential of this business – both as a competitive Formula One team and diversified Advanced Engineering business. It is for this reason that I have invested in Williams over the past two years. I look forward to working with my colleagues on the Board to continue growing Williams and help the business fulfil its potential both on and off the race track.’
In his own interview with the media, Williams Group CEO Mike O’Driscoll added the following:-
‘Brad is extremely knowledgeable about Formula One and as a long-time fan of Williams has a tremendous passion for our team. His appointment adds to what is a very strong team of Non-Executive Directors who provide the company and our shareholders with the highest standards of leadership and governance.’