'Mercedes has a bright future' – Fry

'Mercedes has a bright future' – Fry

22 March 2013 – Following the announcement that he is to step down as the CEO of the Mercedes Formula 1 team, Nick Fry says he is ‘extremely proud’ of his achievements during his time with the Brackley-based outfit and is adamant that it has a strong future.

Fry, who will continue as a consultant until at least the end of 2014, became a firm member of the Formula 1 paddock when he joined BAR back in 2002. Alongside current Mercedes Team Principal Ross Brawn, the 56-year-old played a key role in the creation of Brawn GP in 2009, following Honda’s withdrawal from the sport.

Having supplied engines to the title-winning squad, Mercedes bought the team outright in 2010 and entered under its own name, but a lack of success in subsequent seasons has led to a raft of managerial changes for 2013.

Nick Fry

"I feel very privileged to have had the opportunity to work with our team for the last 11 years and remain extremely proud of the fact that we took the team to its first race win and especially the double World Championship in 2009," said Fry in a statement. "Equally important is the success of our commercial activities as we have managed to gain the support of some of the most important companies in the world, thereby building a strong foundation for the future success of the team.

"I believe that Mercedes AMG Petronas offers the best sponsorship proposition in Formula 1 and I look forward to continuing to assist the team and its partners over the coming years."

Executive Director Toto Wolff thanked Fry for his efforts at the team and explained that the latter will still play a role in attracting new partners to the Silver Arrows.

"Mercedes AMG Petronas enjoys a strong network of global, blue-chip partners who want to be associated with Mercedes-Benz in Formula 1 and we will work hard to retain our loyal partners while also attracting new names to the sport in the future," said Wolff, who joined the German marque from Williams in January. "I am pleased that Nick will remain close to the team to support us in achieving these targets."

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