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

Login or Create new account to add a comment!

Recommended

Porsche revealed that starting 2017, it will offer the 911 (991) GT3 Cup with an improved drive. Already considered as the most produced GT racing vehicle in the world, this...
by - December 9, 2016
Mercedes-AMG finally races along with other car manufacturers in the GT4 category. Since there’s an increasing trend for this segment, we think they’ve made it just in time along with...
by - December 7, 2016
The recently held Finali Mondiali weekend event has uncovered the Ferrari 488 Challenge. The 488 Challenge now boasts a new level of performance as a result of its newly enhanced...
by - December 6, 2016
After we’ve seen the disguised prototypes several weeks ago, Hyundai at last took the wraps off its new i20 WRC at Italy’s Autodromo Nazionale Monza racing circuit. Hyundai was the...
by - December 5, 2016
Car enthusiasts will be happy to know that after 14 years of not being seen in the tracks, Cadillac is slated to make a comeback to endurance racing. Cadillac has...
by - December 2, 2016
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