Tag: Patrick

April 1, 2017 / by index / Wiliams / No Comments

Williams Has A New Tech Chief

Williams has a new chief technical officer who has joined in from Mercedes.

This is definitely an up for the team as they gear up for the new 2017 F1 season. Mercedes has been in the top of the game and it is hoped that Paddy Lowe will bring in new techniques and insight for the Williams team. He has recently assumed his role from his former position in a Mercedes, prior to that he had been technical director with McLaren. The senior role that he has been given at Williams should be a good career move for him and should prove beneficial for the team.

Lowe replaces Pat Symonds, who has ended his contract with Williams as the last season came to an end. Lowe also gains a shareholder position in the team and he would become part of the team of board of directors alongside the likes of Mike O’Driscoll and Claire Williams. (more…)

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June 6, 2016 / by index / Wiliams / No Comments

Williams To Retain Focus On F1

The financial reports reveal that Williams Formula 1 has a good strategy in place.

The team has been in doldrums for about a decade. However, having invested in F1 operations since 2014 the team seems to be getting back on the ground financially. The independent F1 team might not be looking rosy as yet this year, but the season is yet to unfold.

The team has had two finishes in third places. That in turn has attracted several sponsors. That in turn has boosted the revenues of the F1 team of the company. The team has reported profits this year and hopes to improve upon the same after incurring over a million in losses in 2014. The company has also seen profits coming in from the division of Advanced Engineering. The company has its core expertise in motor sport and automotive but it is now expanding to defense as well as aerospace.

The two new business areas are poised for growth. Also, as these divisions go on longer contracts and are less cyclical in nature, O’Driscoll feels that it will bring instability for the company. (more…)

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