Mercedes management shuffles as CEO steps down

© AP, 22 March 2013
© AP Photo/Ben Curtis

Mercedes chief executive officer Nick Fry will step down next month but remain close to the Formula 1 team.

Toto Wolff, the team executive director, will take on a greater role including many of Fry's responsibilities alongside team principal Ross Brawn.

Wolff replaced motorsports chief Norbert Haug after the season in a management shake-up that also saw the arrival of former champion Niki Lauda.

On the track, the team brought in Lewis Hamilton from McLaren to replace seven-time F1 champion Michael Schumacher, who retired for a second time after the season.

Fry will continue working for Mercedes as a consultant in its commercial operations through 2014.

"I feel very privileged to have had the opportunity to work with our team for the last 11 years and remain extremely proud of the fact that we took the team to its first race win and especially the double world championship in 2009," Fry said in a statement.

"Equally important is the success of our commercial activities as we have managed to gain the support of some of the most important companies in the world, thereby building a strong foundation for the future success of the team."

Fry got his start with the Brackley team in 2002. He was part of the management buyout in late 2008 which led to Brawn GP. It won the double championship with Jenson Button in 2009. Daimler invested in the team in 2009, with it becoming Mercedes after 2010.


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