LONDON -- Williams Advanced Engineering (WAE) has appointed former Lotus Cars CEO and top PSA Group executive Jean-Marc Gales as chairman of the board at the UK-based engineering consultancy.
Gales, 58, will work alongside CEO Craig Wilson "to develop the future direction and growth" of the business, the company said in a statement.
WAE was created as an extension of the Williams Formula 1 racing team but was sold at the end of 2019 to private equity fund EMK Capital. The company is still based at the F1 team's HQ in Oxfordshire, southern England.
WAE recently partnered with Italdesign to market an electric-car platform aimed at premium brands looking to sell long-range, high-performance EVs costing more than 100,000 euros ($121,000).