Mark Webber will serve on the Australian Grand Prix Corporation board for the next three years, the Victorian government has confirmed to Motorsport.com.

The former Red Bull Racing driver has been named as one of two new additions to the AGPC board, alongside Saltwater Hotels general manager Kimberly Brown.

The appointment of Webber and Brown comes as Alan Oxley brings his 15-year stint on the board to an end.

“Alan has made a remarkable contribution, playing an integral role in the success we have achieved. We are sincerely grateful to Alan for his dedication and unwavering support,” Board Chairman John Harnden said.

Webber becomes the second retired racer to join the board, the other being five-time 500cc champion Mick Doohan.