Williams appoints Hollinger as non-executive director

Hollinger became the second largest stakeholder in the team behind founder Frank Williams after buying a 10 percent stake previously owned by Mercedes boss Toto Wolff earlier this year.

The American, the chairman and CEO of Vibra Healthcare, joins Nick Rose and Eddie Charlton as the company's third non-executive director.

Hollinger has been appointed for a term of three years, and has been a shareholder in Williams since 2014.

"I'm honoured to be appointed to the Board of one of the world's legendary motorsport teams," Hollinger said.

"I have tremendous faith in the potential of this business – both as a competitive Formula 1 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."

Mike O'Driscoll, Williams group CEO, added: "Brad is extremely knowledgeable about Formula 1 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."