Nick Fry steps down as CEO of Mercedes Formula One team

Article by Anita Panait, on March 26, 2013

Nick Fry, chief executive of the Mercedes Formula One team, will step down from his post this April. The team’s executive director, Toto Wolff, will assume Fry’s duties responsibilities and will have a greater involvement in the day-to-day operations. Mercedes said in a statement at the Malaysian Grand Prix that Fry will remain as a consultant to the team, helping with commercial operations until at least the end of 2014.

Fry joined the Mercedes Formula One team when it was still known as BAR, staying through subsequent incarnations like Honda and Brawn GP -- which won both championships in 2009 before it was acquired by Mercedes. Fry said in the statement that he feels “very privileged” to have had the opportunity to work with Mercedes Formula One team for the last 11 years, adding that he remains extremely proud of the fact that they took the team to its first race win and the double World Championship in 2009.

He remarked that equally important is the success of the team’s commercial activities as Mercedes Formula One has managed to receive support from some of the most important global companies, building a strong foundation for its future success. Mercedes, who now boasts of 2008 champion Lewis Hamilton as one of their drivers, had implemented a major management restructuring since the end of last season.

Wolff has joined the team as executive director and as 30-percent stake owner, replacing the departed Norbert Haug as the person in-charge of coordinating all of Mercedes' motorsport activities. Triple world champion Niki Lauda has been appointed non-executive chairman with a 10-percent stake in the team. Ross Brawn remains as the team principal. Paddy Lowe is expected to join the company next yer from McLaren, where he was technical director. Lowe is regarded as Brawn’s future successor.

Topics: ceo

If you liked the article, share on:

Comments

Recommended

Korea-based automaker Hyundai seems pretty excited to take their new concept out for a ride. Two prototypes that are set to make their debut this coming September at the 2017...
by - May 25, 2017
Fernando Alonso, two-time Formula 1 champion and who also represents McLaren in F1, will be skipping the Monaco Grand Prix this month. Jenson Button will substitute for him. But why?...
by - May 6, 2017
Porsche has officially revealed its LMP1 contender -- the 919 Hybrid. Through this model, Porsche hopes to defend not just its title in the FIA World Endurance Championship but that...
by - April 15, 2017
When it comes to hybrid propulsion, the first name that comes to people’s mind will always be Toyota. That being said, the brand has recently revealed its latest model to...
by - April 8, 2017
Building upon its highly successful racing stint in 2016, Volkswagen gives the Golf GTI TCR a new update. For this year, get ready to see Volkswagen’s Golf GTI touring car...
by - March 17, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries