Williams said: “I asked Adam to join Williams at the end of 2006 to support me
in the running of our team. Adam’s achievements have surpassed my
expectations and I must thank him for his service.

“Adam leaves us on good terms to pursue a better balance in his life for which
I wish him and his family well.

“He has left us in good shape and I have every confidence that the Board and
senior management team at Williams will continue to drive the business
forward into a promising future.”

Williams have shown signs of progress this season after a poor 2011 campaign,
with the team running comfortably inside the top 10 in both Australia and
Malaysia.

Parr has backed the Grove-based team to continue that upward trend in his
absence.

He said: “I am very grateful to Frank for giving me the opportunity to work
for Williams over the past five years – a period that has been both
challenging and rewarding.

“Williams is a unique team with over 500 great-hearted and talented people and
many superb partners in and out of Formula One.

“Williams is now set up to move forward and I wish everyone at Grove well.”

Williams confirmed that Nick Rose, a non-executive director of Williams Grand
Prix Holdings, was to be appointed non-executive chairman, while adding that
Frank Williams would continue to oversee the company.