The Williams team has announced Frank Williams is to step down from the board, with his daughter Claire joining from next month.Williams made it clear, however, that he will continue to be team principal for the squad that bears his name.
But he said it is time for him to start the process of handing over the reins of the team since he will turn 70 next month.
"This is an opportune moment for me to consider my own role in the team," he said. "I turn 70 in April and I have decided to signal the next stage in the gradual but inevitable process of handing over the reins to the next generation by stepping down from the Board at the end of this month.
"This is not as dramatic a move as it may appear: I shall continue to work full-time as Team Principal and I shall continue to attend all Board meetings as observer. I also remain the majority shareholder of Williams Grand Prix Holdings PLC."
Williams co-founder Patrick Head left the board at the end of last year.
The team also announced that Claire Williams will join its board from 1 April as director of marketing and communications.
Pirelli
is open to the idea of making its softer tyre more aggressive later
this year if the compound does not deliver the high levels of
degradation it is hoping for.
Jenson Button put McLaren on top of the timesheets after the opening morning of Formula 1's final pre-season test at Barcelona.
Mark Webber says he will waste no time worrying about rival drivers gunning for his Red Bull Racing seat for next year.
David Coulthard will spend a third year in the DTM with Mercedes this season.