Wolff, Lauda, Brawn to form new Mercedes management

New Delhi, Jan 21 (IANS) Formula 1 team Mercedes have announced that Toto Wolff, formerly executive director at Williams, and Niki Lauda, non-executive chairman of Mercedes F1 team's board, will both become investors.

Jan 21 2013, 7:30am CST | by

Wolff, Lauda, Brawn to form new Mercedes management
Photo Credit: Andreas Rentz, Getty Images

New Delhi, Jan 21 — Formula 1 team Mercedes have announced that Toto Wolff, formerly executive director at Williams, and Niki Lauda, non-executive chairman of Mercedes F1 team's board, will both become investors.

Together with team principal Ross Brawn, they will complete a new management line-up for the German carmaker's F1 squad, according to the Formula 1 website.

Wolff, whose Williams departure was announced earlier Monday, will acquire a "significant minority interest" in the team, which he will head up in his role as executive director of owners Mercedes-Benz Grand Prix Ltd. and will take over the complete coordination of all Mercedes-Benz motorsport activities, the role formerly filled by Norbert Haug.

Wolff sees his new task as one of the most exciting challenges in motorsport.

"Mercedes is one of the most important participants in motorsport worldwide. I am looking forward to the challenge and, along with preparing for a successful racing season, also want to focus on the targeted promotion of new talent," said Wolff.

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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