Additionally, the 65-year-old has confirmed that he would be selling the majority of his shareholding via the team’s part-floatation on the Frankfurt Stock Exchange.
With his involvement in the team stretching as far back as 1977, Head continues to attend the majority of Grands Prix in spite of his day-to-day role assuming less significance in the operation of the team.
“I am pretty sure that I will stand down as Director of Engineering at some point in the near future,” he is quoted by the Reuters news agency.
“That will take me out of a day-to-day role within the team, but I plan to remain a director and I will continue to be involved with the company, for example as a director of Williams Hybrid Power.”
Head has, however, stated that he will continue to hold a minority shareholding in the team – estimated to be about 5% – until he retires from the sport completely.
After graduating as a mechanical engineer in 1970, Head joined Lola Cars and found himself working along another up-and-coming designer known as John Barnard. Head would later be the best man at Barnard’s wedding, and while Head went to construct engines for the SuperVee championship, Barnard joined McLaren in 1972.
He’s first foray into Formula 1 came in 1974, when he joined Ron Tauranac and designed the Trojan F1 car that ran briefly until the team closed. A further two years away from the sport – taking time to build his boat – and he was approached by Frank Williams, who convinced him to become his chief engineer.
In 1977, the pair established Williams Grand Prix Engineering, with Head taking a 30% shareholding and Williams the remainder.
Head’s first car for the team – the FW06 – led to the design of the hugely impressive FW07 that took the team’s first race win in 1979, and the outfit’s first of many championships in 1980.
[Original image via LAT]