F1 News: Toto Wolff On Mercedes Future - "Always Part Of The Team As A Shareholder"
Toto Wolff has affirmed his continued involvement with the Mercedes F1 team, both as a shareholder and a key figure. This comes after the reveal of the all-new W15 car for the 2024 season.
Key Takeaways:
- Mercedes is developing a new concept car for the upcoming season to challenge Red Bull Racing.
- James Allison will remain as technical director, ensuring leadership stability at Mercedes.
- Toto Wolff commits to a further three years as team boss and shareholder, emphasising organisational stability.
Mercedes Press Image
Mercedes has set its sights on a groundbreaking season with the introduction of a novel concept car designed to reclaim the competitive edge against Red Bull Racing. In a strategic move to bolster the team's leadership, Mercedes has secured the continued service of James Allison as technical director and Toto Wolff in his dual role as Team Principal and CEO.
Wolff expressed his satisfaction with Allison's extended commitment to Mercedes, highlighting the importance of leadership stability for the team's success.
"James is a great leader. He has been in the past and will be in the future. By re-signing him for a very long period, we have guaranteed stability at the very top of the tree. But there are many other very valuable leaders that have committed for the mid-to long term and others will join too. I think we have tried to really understand what organisation we want to have in the future and I'm happy that we were able to do it without compromise."
Wolff's own commitment for an additional three seasons as team boss reinforces the stability within Mercedes. He articulated his vision for contributing to the team's success, reflecting on the past year as a period of personal growth and strategic planning.
"I am going to always be part of this team as a shareholder but I felt that I am able to make
my best contribution as Team Principal and CEO. Last year allowed me to reflect on the areas that I can improve and that was important to give me perspective for the years to come. We have clarity at the top levels of the organisation and that stability will provide theteam with confidence."
However, the team faces uncertainty in the driver lineup, with Lewis Hamilton set to depart for Ferrari post-2024. Wolff's immediate challenge lies in finding a worthy successor to the seven-time Formula 1 world champion, ensuring Mercedes' competitive edge in the driver's seat remains sharp.