Wolff leaves Williams to join Mercedes

New Delhi, Jan 21 (IANS) Formula 1 team Williams announced that their executive director Toto Wolff will leave the team with immediate effect to take up a new role with Mercedes.

Jan 21 2013, 7:18am CST | by

Wolff leaves Williams to join Mercedes
Photo Credit: RAVEENDRAN, Getty Images

New Delhi, Jan 21 — Formula 1 team Williams announced that their executive director Toto Wolff will leave the team with immediate effect to take up a new role with Mercedes.

Wolff will be relinquishing his seat on the Williams board but will retain his shareholding in the company.

Williams team principal and majority shareholder Frank Williams will continue to oversee the running of the company with Wolff's responsibilities being shared between members of the board's executive committee.

"I would like to thank Toto for his hard work, dedication and commitment to the team during his time as a director of the company," said Williams on the F1 website.

"He was a key support to me as executive director last season, deputising at a number of races when I was unable to attend. However, positions such as the one offered to him by Mercedes do not come around often. Toto has a long history with them and I certainly was not going to stand in the way of him accepting this once in a lifetime opportunity."

Austrian Wolff joined the Williams board after investing in the team in late 2009 and became an executive director in July last year. His departure follows Nobert Haug's recent exit as head of Mercedes-Benz Motorsport.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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