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Wolff and Lauda sign new Mercedes deals
Mercedes Formula 1 boss Toto Wolff and non-executive chairman Niki Lauda have both committed their futures to the team until 2020. Wolff, who joined Mercedes from Williams in February 2013, will keep his 30% shareholding with the team, while Lauda will retain his 10% stake. Dieter Zetsche, the chairman and chief executive officer of Mercedes' parent company Daimler, said: 'In 2013, we restructured the management of the team with the clear goal of improving our performance. 'Since then, however, the results have exceeded our expectations. A key factor in this success has been the combination of Toto's entrepreneurial skills and Niki's experience. 'Their renewed commitment gives our...
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7y ago from PlanetF1.com
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