Wolff becomes Executive Director at Mercedes

Wolff becomes Executive Director at Mercedes

21 January 2013 – Toto Wolff has been confirmed as the new Executive Director of Mercedes-Benz, with the Austrian moving over from rivals Williams. The 41-year-old, who is leaving a similar position at the Grove-based squad, will take on Norbert Haug's former role and work alongside triple World Champion Niki Lauda, the brand's new Chairman.

Toto Wolff becomes the new Executive Director of Mercedes-Benz

"Mercedes is one of the most important participants in motorsport," said Wolff, who will oversee the company's entire racing activities. "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 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 (Team Principal) Frank (Williams) and the whole of Williams the best of luck for the future."

Dr. Dieter Zetsche, the Chairman of Daimler AG and Head of Mercedes-Benz Cars, is optimistic that Wolff and Lauda can combine to push the German marque forward.

Dr. Dieter Zetsche

"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," Dr. Zetsche said of Wolff. "With Toto Wolff, we have gained for our Formula 1 team not only an experienced motorsport specialist, but also a longstanding enthusiast of the Mercedes-Benz brand.

"Together with him and Niki Lauda, we will further develop our motorsport activities and guide our Silver Arrows into the next era."

Although Wolff is switching from Williams, he will remain a shareholder in the team for the foreseeable future. Along with Lauda, he has also become a shareholder in the Mercedes-Benz brand, with the pair holding 30 percent and 10 percent stakes respectively. The majority share of 60 percent is still owned by the Daimler group.

See also:
Wolff tipped for senior Mercedes role

related

Comments

Latest News
Full
Compact

  1. Wednesday 22 October 2014

  2. Sam Michael set to leave McLaren 13:15

    Sam Michael set to leave McLaren

    McLaren Sporting Director Sam Michael is to leave the team at the end of the season. A McLaren spokesperson has confirmed...

    F1
  3. Lotus expects to keep Grosjean for 2015 11:12

    Lotus expects to keep Grosjean for 2015

    Lotus team owner Gerard Lopez says he expects to retain Romain Grosjean for the 2015 season, despite admitting that the...

    F1
  4. 09:43

    Photos: Márquez, Pedrosa visit Indonesia

    MotoGP
  5. Pérez on brink of new Force India deal 09:34

    Pérez on brink of new Force India deal

    Sergio Pérez says he is likely to sign a fresh Force India deal "in the next week", a move that would complete the outfit's...

    F1
  6. Video of the Day: Wolff on F1 title success 05:15

    Video of the Day: Wolff on F1 title success

    Mercedes boss Toto Wolff discusses the brand's maiden Formula 1 Constructors' success.

    F1
  7. Tuesday 21 October 2014

  8. 16:03

    Book F1 tickets and join the action live!

    F1
  9. Silverstone senior executives suspended 13:55

    Silverstone senior executives suspended

    The British Racing Drivers' Club (BRDC) has taken "a closer role" in the day-to-day running of Silverstone following the...

    F1
  10. Caterham insists team not threatened 12:25

    Caterham insists team not threatened

    Caterham has dismissed media reports suggesting that Caterham Sports Limited (CSL) being placed into administration will...

    F1
  11. Lotus mourns death of Total chief 11:08

    Lotus mourns death of Total chief

    Lotus says it has been left "shocked" and "deeply saddened" by the death of Christophe de Margerie, Chairman and CEO of team...

    F1
  12. Spa to fight Nissan's use of Eau Rouge name 09:50

    Spa to fight Nissan's use of Eau Rouge name

    The Spa-Francorchamps circuit says it will contest an application from car manufacturer Nissan to trademark "Eau...

    F1
  13. Video: Miami welcomes Formula E 09:30

    Video: Miami welcomes Formula E

    Watch as the track layout for the Miami ePrix, scheduled to take place on March 14 next year, is revealed.

    Formula E
  14. Miami reveals Formula E circuit layout 09:22

    Miami reveals Formula E circuit layout

    Miami has become the latest Formula E host to reveal its track layout for the electric championship. Produced by track...

    Formula E
  15. Pons retains Tunjo for 2015 FR3.5 season 09:07

    Pons retains Tunjo for 2015 FR3.5 season

    Pons Racing has confirmed that Óscar Tunjo will remain with the team in the Formula Renault 3.5 Series next year. The...

    FR 3.5
  16. Video of the Day: Nasr samples FW08C 05:11

    Video of the Day: Nasr samples FW08C

    Williams reserve Felipe Nasr sampled Keke Rosberg's 1983 FW08C at the team's Partner Day at Silverstone.

    F1
  17. Monday 20 October 2014

  18. Brawn, Domenicali on new Accident Panel 17:54

    Brawn, Domenicali on new Accident Panel

    Former Formula 1 team bosses Ross Brawn and Stefano Domenicali have joined the FIA's new Accident Panel, which has been put...

    F1
  19. Moscow Raceway earns licence for F1 races 17:14

    Moscow Raceway earns licence for F1 races

    Moscow Raceway has been granted an FIA Grade 1 licence, allowing it to stage Formula 1 races. The track, located some...

    Misc
  20. Wolff confirmed for Race Of Champions 15:04

    Wolff confirmed for Race Of Champions

    Susie Wolff will become the first female driver to compete at the Race Of Champions after signing up for this year's event...

    F1
  21. De Vries gets FR3.5 seat with DAMS 14:43

    De Vries gets FR3.5 seat with DAMS

    McLaren junior Nyck de Vries will compete in the Formula Renault 3.5 Series with reigning champion team DAMS next...

    FR 3.5
  22. Lotus to trial new nose design at Austin 13:58

    Lotus to trial new nose design at Austin

    Lotus will test a new nose during practice for the United States Grand Prix, as the team looks to finalise its design for...

    F1
  23. Rossi says tyre choice crucial to victory 13:23

    Rossi says tyre choice crucial to victory

    Valentino Rossi says choosing the extra-soft Bridgestone front tyre was crucial to his second victory of the season at...

    MotoGP
  24. Force India retains Hülkenberg for 2015 10:08

    Force India retains Hülkenberg for 2015

    Force India has confirmed that Nico Hülkenberg will continue to race for the team next season. Hülkenberg, 27, returned t...

    F1
  25. Silverstone, Le Mans back on FR3.5 calendar 09:19

    Silverstone, Le Mans back on FR3.5 calendar

    The World Series by Renault package, which includes Formula Renault 3.5, will return to Silverstone and Le Mans next...

    FR 3.5
  26. Sainz Jr. elated by championship success 07:22

    Sainz Jr. elated by championship success

    Red Bull youngster Carlos Sainz Jr. hailed his "incredible" season after he succeeded Kevin Magnussen as Formula Renault 3.5...

    FR 3.5
  27. Video of the Day: Mercedes celebrates title 05:04

    Video of the Day: Mercedes celebrates title

    Mercedes celebrates its first Formula 1 Constructors' success at its bases in Brackley and Brixworth.

    F1
  28. Sunday 19 October 2014

  29. DTM champion Wittmann gets Toro Rosso test 20:39

    DTM champion Wittmann gets Toro Rosso test

    Marco Wittmann will receive a Formula 1 test with Toro Rosso as his reward from BMW for winning this year's DTM...

    DTM
  30. Verstappen ends F3 season in third place 17:11

    Verstappen ends F3 season in third place

    Future Toro Rosso driver Max Verstappen has finished his sole FIA Formula 3 European campaign in third place after losing...

    F1
  31. Kubica: Formula 1 return would be a dream 14:30

    Kubica: Formula 1 return would be a dream

    Robert Kubica says he has not yet given up on the prospect of returning to Formula 1 at some point in the future and will...

    F1
  32. 13:38

    Latest FR3.5 photos: Sunday at Jerez

    FR 3.5
  33. Dominant Rowland wins FR3.5 finale at Jerez 13:37

    Dominant Rowland wins FR3.5 finale at Jerez

    Oliver Rowland claimed victory in the final race of the Formula Renault 3.5 season as he controlled proceedings throughout...

    FR 3.5
  34. 09:20

    Latest MotoGP photos: Sunday at Phillip Island

    MotoGP
  35. Márquez 'not on the limit' before crash 09:19

    Márquez 'not on the limit' before crash

    World Champion Marc Márquez says he was not riding on the limit when he crashed out of the lead in the Australian Grand Prix...

    MotoGP
  36. Rossi wins incident-packed race in Australia 06:50

    Rossi wins incident-packed race in Australia

    Valentino Rossi claimed his second win of the year in an incident-packed Australian Grand Prix after World Champion Marc...

    MotoGP
  37. Video of the Day: Pedrosa on Phillip Island 03:00

    Video of the Day: Pedrosa on Phillip Island

    Repsol Honda's Dani Pedrosa chose his fondest Phillip Island memory ahead of Sunday's race at the track.

    MotoGP
  38. Saturday 18 October 2014

  39. 13:52

    Latest FR3.5 photos: Saturday at Jerez

    FR 3.5
  40. Stevens wins, Sainz Jr. clinches title 13:51

    Stevens wins, Sainz Jr. clinches title

    Carlos Sainz Jr. clinched the 2014 Formula Renault 3.5 championship at the very first corner of the final round in Jerez...

    FR 3.5
  41. Ecclestone: Las Vegas targeting Formula 1 race 09:32

    Ecclestone: Las Vegas targeting Formula 1 race

    Bernie Ecclestone says a Formula 1 race could be held on the streets of Las Vegas in the future. Ecclestone has long seen...

    F1
  42. 07:54

    Latest MotoGP photos: Saturday at Phillip Island

    MotoGP
  43. Márquez flies to pole position in Australia 06:21

    Márquez flies to pole position in Australia

    MotoGP World Champion Marc Márquez claimed pole position for the Australian Grand Prix at Phillip Island ahead of Ducati...

    MotoGP
  44. Video of the Day: Bottas let loose in FW18 05:07

    Video of the Day: Bottas let loose in FW18

    Williams driver Valtteri Bottas was given the opportunity to drive the FW18, Damon Hill's World Championship-winning car...

    F1
  45. Friday 17 October 2014

  46. Button will only stay in F1 with 'competitive' car 16:13

    Button will only stay in F1 with 'competitive' car

    Jenson Button could move to endurance racing if he fails to land a competitive Formula 1 seat for 2015. Fernando Alonso,...

    F1
more news