Williams has confirmed the arrival of Paddy Lowe as the new chief technical officer of its Formula 1 team.

Lowe announced on January 10 that he would be leaving his position of executive director technical at Mercedes after three-and-a-half seasons that yielded a string of world titles.

The Briton had been rumoured to be on the move to Williams, with the news being made official on Thursday.

Williams also confirmed in a statement that Lowe would be taking a shareholder in the team as well as becoming chief technical officer.

"I've always had a deep respect for Williams my first team in Formula 1," Lowe said. "It is a huge honour to return in this leadership position and to have the opportunity to become a shareholder.

"I am extremely motivated to play my part in bringing success back to the team. The vision for the future set out by the Williams Board is powerful and has compelled me to join an organisation committed to building on its unique legacy and to reaching the pinnacle of Formula One once again."

Lowe started his F1 career with Williams back in 1987 as its joint head of electronics, and also enjoyed a lengthy stint with McLaren from 1993 until his move to Mercedes in 2013.

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