Ralf Schumacher has announced his retirement from racing with immediate effect. The German has been racing in the DTM series for the past five seasons and was set to continue in 2013, but he will now take up a management role at Mücke Motorsport.
"I've been thinking a great deal about my future during the last few weeks and have reached the conclusion that I am better able to support the extensive changes at Mercedes-Benz in a management role than at the wheel," said the 37-year-old.
"I am very grateful for more than two decades in professional motor racing and the last five years with Mercedes-Benz in the DTM. We have plenty of young, up-and-coming talent in our squad of drivers and I am happy to make way for them so that I can concentrate fully on my new responsibilities in the management team at RSC Mücke Motorsport."
Schumacher made his Formula 1 debut with Jordan back in 1997, having won the 1995 Macau Grand Prix and claimed the 1996 Formula Nippon title. He drove for Jordan, Williams and Toyota in the top echelon of motorsport, claiming six victories over an 11-year period. After the 2007 season he quit the sport and switched to DTM, where his best result stands as a second place finish at the Red Bull Ring in 2011.
Pascal Wehrlein will take the place of Schumacher this season. The 18-year-old German has a strong connection with Mercedes and drove for Mücke Motorsport in last year's Formula 3 Euro Series alongside title-winner Daniel Juncadella.
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