Derek Warwick has been elected president of the British Racing Drivers Club, succeeding Damon Hill.
Speaking at today's annual general meeting, Warwick said: "First and foremost I would like to thank Damon for the loyalty and commitment he has shown to the BRDC during his time as President. He steered us through some difficult, but ultimately successful times and my aim is to continue where he left off.
"The BRDC and Silverstone face an exciting future. We now have a 21st century race circuit with 21st century facilities; over the next 5-10 years we have the opportunity to continue developing Silverstone into the best motor sport venue in the world.
"The immediate focus is on securing third party investment in Silverstone, to realise the full potential of the 760 acre estate. While the President is a non-voting member of the BRDC Board, I will continue to work closely with the Board as we seek and consider opportunities with suitable third parties.
Reflecting on his time as BRDC president and Warwick's appointment, Damon Hill said: "I would like to express my gratitude to the BRDC for having had me as their President, and for all that it has done to help make my term as fruitful and enjoyable as possible.
"The task of securing the British Grand Prix for Great Britain, through the continued development of Silverstone as the rightful and only viable venue for the British Grand Prix, has been the preoccupation of my Presidency by necessity. However, I hope I have also been successful in reminding the Club of its original purpose, which has been to promote the benefits and positive attributes of our sport to the widest audience, and also to strengthen relations within the sport for the benefit of all concerned."
BRDC chairman Stuart Rolt said: "The BRDC board was unanimous in its support for Derek and we are delighted that he has been elected to take over from Damon. In Derek we have another hugely experienced, yet down to earth, genuine racer. The Club will continue to go from strength to strength."
Source: http://www.grandprix.com