| Updated:
Sir Frank steps down
FORMULA ONE: Sir Frank Williams handed over his role as team chairman to Adam Parr yesterday – but insisted he is not ready to retire.
The 67-year-old remains as team principal, while Parr, who has been acting chairman since March, will take over the day-to-day running of the team with the experienced Patrick Head moving over to the technical side.
Williams, however, reiterated: “This is not notice of my impending retirement. Time is evolving. There are a few more years in me yet.”