The Business Magazine - B2B Business News - Site Logo
The Business Magazine November 2023
Read now

Williams Racing boss to leave after two years in charge

13 December 2022
The Business Magazine article image for: Williams Racing boss to leave after two years in charge

Chief executive officer and team principal Jost Capito is to leave Williams Racing after two years in charge, the company has announced.

And technical director Francois-Xavier (FX) Demaison, who was brought in by Capito last year, will also be leaving.

Oxfordshire-based Williams made the announcement this morning (Tuesday, December 13), giving no reason for Capito's sudden departure.

Matthew Savage, chairman of Dorilton Capital, which bought Williams Racing from the family of founder Sir Frank Williams in 2020, said: “We would like to thank Jost for his hard work and dedication as we embarked on a major transformation process to begin the journey of reviving Williams Racing.

"We’re grateful that Jost postponed his planned retirement to take on this challenge and now he will pass the reins on for the next part of this staged process.

"We would also like to thank FX for his contribution and wish him all the best for his future as he moves on.”

Jost Capito: “It has been a huge privilege to lead Williams Racing for the last two seasons and to lay the foundations for the turnaround of this great team.

"I look forward to watching the team as it continues on its path to future success.”

Jost Capito was hired by Dorilton Capital from the Volkswagen Group at the end of a 2020 racing season in which the team finished last in the championship for the third consecutive year.

In 2021 the team finished eighth – its best result since 2017.


Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

Related topics

Related articles