Motor racing-Rally boss Wilson nominated for FIA deputy president role
Formula One F1 - Italian Grand Prix - Circuit of Monza, Monza, Italy - August 30, 2018 General view of the FiA logo REUTERS/Stefano Rellandini
LONDON (Reuters) -The head of motorsport's world governing body, the FIA, has nominated former rally driver and M-Sport founder Malcolm Wilson to take the position left vacant by fellow-Briton Robert Reid as deputy president for sport.
The FIA, the governing body for Formula One as well as rallying, said the nomination by president Mohammed Ben Sulayem will be voted on at a meeting in Macau in June.
M-Sport has operated Ford's world rally programme since 1997, the company winning the manufacturers' title in 2006, 2007 and 2017.
Reid, a 2001 world championship-winning rally co-driver, resigned this month due to what he called a "fundamental breakdown in governance standards" within motorsport's world governing body.
Wilson said in a statement that it was an honour to be nominated and he looked forward to supporting Ben Sulayem, a former rally driver, who is expected to stand for re-election in December.
(Reporting by Alan Baldwin, editing by Christian Radnedge)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
10 hours ago
- New Straits Times
Manulife launches real asset fund to shield investors from inflation
KUALA LUMPUR: Manulife Investment Management (M) Bhd has launched the Manulife Diversified Real Asset Fund, aimed at helping Malaysian investors shield their portfolios from inflation and market volatility. The fund, previously known as the Manulife Global Resources Fund, has been restructured to adopt a diversified real asset strategy. It is managed by Manulife Investment Management, a wholly owned subsidiary of Manulife Holdings Bhd and part of Canada-based Manulife Financial Corporation. In a statement, the company said the fund is designed to deliver sustainable income and offer more stable returns than conventional equity or fixed-income instruments, especially during inflationary periods. Chief executive officer Jason Chong said the fund is positioned to offer both income and inflation-adjusted growth. "We recognise that investors are facing increasing challenges when it comes to managing their investments, especially with rising inflation and ongoing market volatility. "Real assets could offer relatively stronger returns in a rising inflationary environment compared to traditional equity and fixed-income securities," he said. Chong added the fund focuses on four key asset classes – natural resources equities, real estate investment trusts, infrastructure equities and fixed income securities, including US short-term credits and treasury inflation-protected securities. The fund will invest at least 85 per cent of its net asset value in the Manulife Global Fund – Diversified Real Asset Fund, with the remainder placed in liquid assets for hedging and liquidity purposes. "We now offer investors access to more than 60 unit trust and private retirement scheme funds, underscoring our strength and continued commitment to delivering a comprehensive suite of investment solutions tailored to evolving market needs," Chong added.
The Star
20 hours ago
- The Star
Amway on steady path
Amway (M) Holdings Bhd is in a 'normalisation' phase after a period of pandemic- driven hypergrowth. Amway Malaysia, Indonesia, Singapore and Brunei's managing director, Mike Duong, says 2024 has reinforced Amway's business model and ability to adapt to evolving market conditions. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only
New Straits Times
3 days ago
- New Straits Times
Ex-Watford boss Munoz takes charge of JDT
KUALA LUMPUR: Former Watford boss Xisco Munoz has been named as Johor Darul Ta'zim's new head coach for the 2025-26 M-League season. The 45-year-old Spaniard, who won both La Liga and the UEFA Cup with Valencia in the 2003-04 season, also lifted the UEFA Super Cup with the Spanish giants in 2004. Munoz made headlines as a manager when he guided Watford to promotion to the Premier League in 2021 after finishing second in the EFL Championship.
