Williams Grand Prix Holdings PLC : Williams Grand Prix Holdings PLC Appoints Doug Lafferty as CFO

03.07.17 Williams Grand Prix Holdings PLC Appoints Doug Lafferty as CFO

Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) today announces that Doug Lafferty will be joining the company in the position of Chief Financial Officer (CFO) in September 2017.

Doug joins Williams from British American Tobacco, where he has most recently been Head of Finance for the Americas region. Doug joined BAT in 2001 and has since held positions of increasing responsibility during a very successful, international career with the Company.

Speaking about his appointment as CFO Doug Lafferty said; "I'm thrilled to be joining a company of Williams stature and genuinely believe the company has a bright future ahead, both on the track and in the continued development of the Advanced Engineering business. I very much look forward to working closely with Mike and the rest of the board to ensure the company reaches its potential".

Mike O'Driscoll, Group CEO, added; "Doug is an experienced and respected finance professional, with an impressive track record of leadership and performance. As a Group we are focused on returning our Formula One team to the front of the grid, and continuing to build a strong Advanced Engineering business. We are investing for the future, and Doug will play a key role in guiding the Group in the years ahead."

Nick Rose, Williams Chairman, said "I am very happy to see Doug joining our Board. He is a world class finance professional and continues the progress we are making in hiring the very best talent into Williams."

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Notes to Editors Williams Grand Prix Holdings PLC Williams Grand Prix Holdings PLC is the holding company of the Williams group of companies ("Group") which includes Williams Grand Prix Engineering Limited.

The Group employs over 900 people, and generates its revenues from its long standing Formula One business and its more recently developed Advanced Engineering operation.

The Group's aim is to be a championship-winning Formula One team and a world-class engineering and technology business generating consistent and satisfactory returns for its shareholders.

Williams Grand Prix Engineering Limited Williams Grand Prix Engineering Limited's core competencies are the design and development of racing cars to compete in the Formula One World Championship. As one of the world's leading Formula One teams, the company has secured 16 FIA Formula One World Championship titles since its foundation in 1977. Nine of these titles have been won in the Constructors' Championship in association with Cosworth, Honda and Renault. The remaining seven titles were won in the Drivers' Championship with Alan Jones, Keke Rosberg, Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill and Jacques Villeneuve.

WGPE continues to develop by adapting its intellectual property and rapid development skills in projects outside Formula One under the trading name Williams Advanced Engineering.

Williams Advanced Engineering Williams Advanced Engineering is the brand that is used for all Group activity outside of the Formula One team, with projects focused on the exploitation of Williams' brand, intellectual property and know how.

Williams Advanced Engineering harnesses Formula One derived technology and know-how to deliver highly innovative products and services to the motorsport, automotive, defence and healthcare sectors. Working in close collaboration with its customers, Williams Advanced Engineering helps meet the sustainability challenges of the 21^st century and improve their performance, with its expertise in aero and thermodynamics, electrification, advanced lightweight materials and vehicle integration.