Mike O’Driscoll has🌃 announced plans to retire from his role of chief executiveꩵ officer of Williams Grand Prix Engineering, which emcopasses the Formula 1 team.

O’Driscoll, 64, will step down from the position he has held since 2013 following a transitional period after the recent sale of the Williams outfit to Dor🌳ilton Capital.

During his tenure O’Driscoll not o🤡nly oversaw the acquisition by Dorilton Capital which has secured the Williams F1 team’s future, but also the sig🍎ning of F1’s new Concorde Agreement.

It follows the 💙departure of the Williams family – including founder Sir Frank Williams and deputy team principal Claire Williams – after last weekend’s Italian Grand Prix, ending a 43-year involvement the sport.

“It has been and remains a huge privilege to be part of thꦡis great team,” said O’Driscoll.

“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.”

It was announced last week that Williams Grand Prix Engineering’s new board will consist of Doril💮ton Capital chairman Matthew Sav꧋age, Darren Fultz, who is the CEO of the investment fund, and James Matthews, CEO of the Eden Rock Group.

Sp✅eaking about O’Driscoll’s impending exit, Savage added: "Mike has made a huge contribution ꦓas CEO, working alongside the Williams family since the IPO in 2011.

“He has steered the corporate side of the group admirably through challenging times and has been🃏 invaluable in preparing Williams for th🉐e next exciting phase."