Toto Wolff joins new Mercedes Formula One management team
By Berthold Bouman
Mercedes today announced Toto Wolff will join the Mercedes Formula One team, and together with Ross Brawn and Niki Lauda he will be guiding the team to more success. The Austrian entrepreneur will acquire ‘a significant minority interest’ in the German team, according to a Mercedes statement.
Mercedes announced triple World Champion Lauda will also acquire a stake in the German Silver Arrows team. Wolff’s arrival is part of the reorganisation of the Mercedes F1’s management team. Wolff will become executive director of Mercedes-Benz Grand Prix Ltd, and will replace Norbert Haug, who left at the end of 2012 as he was held responsible for the lack lustrous past three seasons.
Dr. Dieter Zetsche, Head of Mercedes-Benz Cars and Chairman of the Board of Management of Daimler AG said in a statement, “As an entrepreneur, investor and motorsport manager, Toto Wolff has proven that this sport runs in his blood; at the same time, he is also well aware of the economic necessities of the business. With Toto Wolff, we have gained for our Formula One team not only an experienced motorsport specialist, but also a long-standing enthusiast of the Mercedes-Benz brand.”
Toto Wolff joins new Mercedes F1 management team – Photo: Williams F1
“Together with him and Niki Lauda, we will further develop our motorsport activities and guide our Silver Arrows into the next era.”
Wolff, who will retain his shares in the Williams Formula One team, commented about this new challenge, “Mercedes is one of the most important participants in motorsport worldwide. I am not only a big fan, but also a longstanding friend and enthusiast of the brand. I am looking forward to the challenge and, along with preparing for a successful racing season, also want to focus on the targeted promotion of new talent.”
“I am leaving Williams on good terms and I will miss the team and friends I have made there. I’d also like to wish Frank and the whole of Williams the best of luck for the future”, Wolff added.