Williams Grand Prix Holdings PLC announced that Toto Wolff, one of its Executive Directors, will be leaving the Company with immediate effect to take up a new role with Mercedes-Benz Grand Prix Ltd. Toto will be relinquishing his seat on the Company's Board of Directors but will retain his shareholding. Team Principal and majority shareholder Sir Frank Williams will continue to oversee the running of the Company with Toto's responsibilities being shared between members of the Board's Executive Committee.