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. Monday 20 November 2017

  2. FIA hands back Manor's F1 2017 entry fee 17:52

    FIA hands back Manor's F1 2017 entry fee

    The FIA has reimbursed Manor Racing's entry fee for the 2017 Formula 1 season as a "gesture of goodwill" to aid administrators…

    F1
  3. 17:02

    Follow us on Instagram for the best photos!

    F1
  4. Vandoorne 'more comfortable than ever' 16:24

    Vandoorne 'more comfortable than ever'

    Stoffel Vandoorne says that he feels "more comfortable than ever" at McLaren after making significant progress over the course…

    F1
  5. Video: Christian Horner on Bernie Ecclestone 15:40

    Video: Christian Horner on Bernie Ecclestone

    Red Bull team boss Christian Horner looks back on the fear and intimidation of his first interaction with Bernie Ecclestone, and…

    F1
  6. Verstappen: I don't want the season to end 13:33

    Verstappen: I don't want the season to end

    Max Verstappen says that he does not want the 2017 campaign to end, as he approaches this weekend's finale in Abu Dhabi off the…

    F1
  7. 12:09

    Overview: Abu Dhabi Grand Prix schedule

    F1
  8. Video: A conversation with Nico Rosberg 12:07

    Video: A conversation with Nico Rosberg

    Nico Rosberg talks to journalist and broadcaster James Allen about what shaped key decisions in his early career as well as his…

    F1
  9. In photos: Rise and fall of Formula V8 3.5 11:02

    In photos: Rise and fall of Formula V8 3.5

    World Series Formula V8 3.5 has closed its doors after two decades of competition, bringing down the curtain on a category that…

    World Series
  10. Video: World's Fastest Gamer finals - Day 9 09:40

    Video: World's Fastest Gamer finals - Day 9

    Sunday was a day of rest for World's Faster Gamer finalists Rudy and Freek, but the coaches were as busy as ever studying the…

    F1
  11. Merhi returns to Rapax for Formula 2 finale 09:28

    Merhi returns to Rapax for Formula 2 finale

    Roberto Merhi will return to Rapax for this weekend's Formula 2 season finale in Abu Dhabi. Merhi first appeared in F2 this…

    F2
  12. Habsburg 'still proud' amid dramatic finish 09:22

    Habsburg 'still proud' amid dramatic finish

    Carlin's Ferdinand Habsburg underlined that he was not prepared to settle for second at the Macau Grand Prix, after crashing out…

    F3
  13. Prema signs Gelael for 2018 F2 campaign 09:00

    Prema signs Gelael for 2018 F2 campaign

    Prema has confirmed that Sean Gelael will race for the team in next year's Formula 2 championship, the first driver signed up to…

    F2
  14. Runner-up Norris admits disappointment 07:02

    Runner-up Norris admits disappointment

    Lando Norris conceded he was "a little disappointed" to miss out on victory at the Macau Grand Prix, after finishing runner-up…

    F3
  15. Video: DTM 2017 season highlights reel 05:46

    Video: DTM 2017 season highlights reel

    Watch the official DTM Movie from the 2017 season, featuring exclusive footage and insights from the teams and drivers involved…

    DTM
  16. Sunday 19 November 2017

  17. Video: Ricciardo visits NASCAR paddock 16:42

    Video: Ricciardo visits NASCAR paddock

    Red Bull driver Daniel Ricciardo visits a NASCAR event for his first time and meets Dale Earnhardt Jr and Chase Elliott…

    F1
  18. Video: Macau Grand Prix - Sunday highlights 15:34

    Video: Macau Grand Prix - Sunday highlights

    Watch highlights from Sunday's action at the Macau Grand Prix, which featured a dramatic finale to an enthralling Formula 3…

    F3
  19. Alonso completes 113 laps in WEC rookie test 13:31

    Alonso completes 113 laps in WEC rookie test

    McLaren Formula 1 driver Fernando Alonso racked up 113 laps during the World Endurance Championship's rookie test in Bahrain on…

    F1
  20. Video: Alonso in action at WEC rookie test 12:59

    Video: Alonso in action at WEC rookie test

    Watch as Fernando Alonso gets accustomed to Toyota's TS050 HYBRID as he participates in the World Endurance Championship's…

    WEC
  21. Grosjean upbeat over Haas' 2017 display 12:42

    Grosjean upbeat over Haas' 2017 display

    Romain Grosjean reckons Haas has done "super well" in its second campaign in Formula 1, believing the team has made more…

    F1
  22. Video: WEC Bahrain 6 Hours highlights 11:38

    Video: WEC Bahrain 6 Hours highlights

    Watch race highlights from the 6 Hours of Bahrain, the final round of the 2017 World Endurance Championship, as several class…

    WEC
  23. 11:13

    Gallery: Alonso participates in LMP1 test

    WEC
  24. Ticktum 'couldn't believe' Macau outcome 10:55

    Ticktum 'couldn't believe' Macau outcome

    Daniel Ticktum revelled in victory at the Macau Grand Prix as he surged forwards from eighth on the grid to triumph at the…

    F3
  25. Sainz Jr. 'starting to feel at home' with Renault 10:26

    Sainz Jr. 'starting to feel at home' with Renault

    Carlos Sainz Jr. says he is beginning to become accustomed to his new surroundings at Renault, following his recent move from…

    F1
  26. Alonso gets first taste of LMP1 in Bahrain 09:45

    Alonso gets first taste of LMP1 in Bahrain

    Fernando Alonso completed his first laps in Toyota's LMP1 car during the World Endurance Championship's rookie test at the…

    LM
  27. 08:22

    Latest F3 photos: Sunday at Macau

    F3
  28. 08:20

    In full: Macau Grand Prix race results

    F3
  29. Ticktum triumphs at crazy Macau Grand Prix 08:19

    Ticktum triumphs at crazy Macau Grand Prix

    Red Bull-backed Daniel Ticktum claimed an incredible victory at the Macau Grand Prix, pulling off a double move for third…

    F3
  30. Video: World's Fastest Gamer - Day 8 05:42

    Video: World's Fastest Gamer - Day 8

    Catch up with the latest from McLaren's World's Fastest Gamer contest as the three finalists visit Carlin's simulator before the…

    F1
  31. Saturday 18 November 2017

  32. Toyota confirms Alonso LMP1 rookie test 20:57

    Toyota confirms Alonso LMP1 rookie test

    Toyota has confirmed that Fernando Alonso will participate for the team in the World Endurance Championship's rookie test at the…

    F1
  33. Video: Macau Grand Prix - Saturday highlights 15:38

    Video: Macau Grand Prix - Saturday highlights

    Watch highlights from Saturday's action at the Macau Grand Prix, which featured victory for Callum Ilott in the F3 qualification…

    Misc
  34. Ricciardo sees 'decent chance' to win finale 15:02

    Ricciardo sees 'decent chance' to win finale

    Daniel Ricciardo believes Red Bull holds a "decent chance" of taking victory at the Abu Dhabi Grand Prix as he seeks to close…

    F1
  35. Video: Rosberg attends the BAMBI awards 13:15

    Video: Rosberg attends the BAMBI awards

    In his latest vlog, follow 2016 Formula 1 champion Nico Rosberg as he and wife Vivian attend the annual BAMBI awards in the…

    F1
  36. Patrick announces 2018 Indy 500 entry 12:58

    Patrick announces 2018 Indy 500 entry

    Danica Patrick says she will bring her competitive motorsport career to a close next May, after announcing her intentions to…

    Indy
  37. Binder beats Fittipaldi in V8 3.5 swansong 11:52

    Binder beats Fittipaldi in V8 3.5 swansong

    René Binder fended off team-mate and 2017 champion Pietro Fittipaldi to triumph in the last-ever Formula V8 3.5 Series race in…

    World Series
  38. Magnussen: 2017 my 'most fun' season 10:44

    Magnussen: 2017 my 'most fun' season

    Kevin Magnussen has labelled 2017 as his "most fun" season of competition, as he prepares to bring his first year with Haas to a…

    F1
  39. Video: Ilott discusses Macau qualifying win 09:09

    Video: Ilott discusses Macau qualifying win

    Ferrari-backed Callum Ilott talks through his victory at the Macau qualification race on Saturday, having passed erstwhile…

    F3
  40. 09:06

    Latest F3 photos: Saturday at Macau

    F3
  41. Video: World's Fastest Gamer finals - Day 7 05:58

    Video: World's Fastest Gamer finals - Day 7

    Catch up with the latest from McLaren's 'World's Fastest Gamer' programme, as the finalists complete a gruelling Le Mans 24…

    F1
  42. Ilott takes victory in Macau qualification race 02:58

    Ilott takes victory in Macau qualification race

    Ferrari-backed Callum Ilott claimed a commanding victory in the Macau Grand Prix qualification race after overhauling pole…

    F3
  43. Friday 17 November 2017

  44. Video: Verstappen meets new Aston Vantage 16:12

    Video: Verstappen meets new Aston Vantage

    Red Bull driver Max Verstappen recently joined Aston Martin’s Dynamics Chief Engineer Matt Becker for a taste of how the new…

    F1
more news