Williams have announced that Toto Wolff will become an executive director of Williams Grand Prix Holdings PLC with immediate effect, stepping up his role within the company from that of non-executive director. In his new role Wolff will assist Sir Frank Williams in his continuing position as team principal. “Toto’s new role, working closely alongside myself, is about Williams looking forward and managing the successful running of the company," explained Sir Frank Williams. "I am looking forward to our new working relationship and I have every belief that this partnership will help take Williams F1 from strength to strength.” Wolff added: “It’s a great honour for me to be assisting and supporting Sir Frank in his role as team principal at Williams. I have been a shareholder in the business since 2009 and I am really looking forward to being able to take my responsibilities to a new level. I know that together we will work tirelessly to make the Group and team as successful as it can be.” Williams are currently seventh in the constructors' standings with 47 points.