Toto Wolff leaves Williams to join Mercedes-Benz - Toto Wolff keeps a stake, but moves on to Mercedes
Published by Christine
Toto Wolff had, up till now, been playing a major role in the re-organisation at Williams. He was made an Executive Director of the team at the end of July, and was set to work closely with Frank Williams and start taking on some new responsibilities. Six short months later, the Austrian businessman has moved on, leaving Williams behind him and taking a role with Mercedes-Benz motorsport.
Wolff becomes a shareholder and Executive Director of Mercedes GP, overseeing the management of the team in the future, as well as heading up all of the Mercedes-Benz participation in motorsport. He was already associated with Mercedes, having a 49% stake in an engineering company that supports the DTM series, and he now picks up shares in the Formula One team as well.
Equally, he’s not leaving behind his business with his old team, as Frank Williams explains: “Toto will retain his shareholding in Williams and will always have a place at Grove but make no mistake - we will fight him hard on the race track!”
