In a statement issued by the team on Monday, it was revealed that Capito had stepped down as team principal and CEO, with technical director FX Demaison also leaving his post.
Former Volkswagen Motorsport chief Capito took over at Williams at the end of 2020 following the acquisition of the team by Dorilton Capital from the Williams family.
Williams said it would announce its new team principal and technical director “in due course.”
“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,” said Capito.
“I look forward to watching the team as it continues on its path to future success.”
Matthew Savage, the chairman of Dorilton Capital, thanked Capito for his efforts at Williams as the team “embarked on a major transformation process to begin the journey of reviving Williams Racing.”
Since Capito took over in the role, Williams recovered from being adrift from the midfield to scoring a shock its first points for two years in Hungary last year, as well as a shock podium in the rain-shortened Belgian Grand Prix.
“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,” said Savage.
“We would also like to thank FX for his contribution and wish him all the best for his future as he moves on.”
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