French watchmaker Richard Mille has taken over as President of the FIA Endurance Commission, replacing Sir Lindsay Owen-Jones, it has been confirmed.

Mille, the founder of the eponymous watch brand, was officially named to the position last week during the FIA’s annual General Assembly in Paris.

The 66-year-old founded the Swiss watch company in 1999, which has been an active sponsor in the motorsports world, including in sports car racing.

The WEC currently carries sponsorship from rival luxury watchmaker Rolex.

Owen-Jones, meanwhile, held the position as the Commission’s President since the launch of the FIA World Endurance Championship in 2012. No word has been given on the reason for the change.