As heavily speculated in the Formula 1 media recently, the Mercedes F1 team has made the move overnight here in Sepang to replace its existing CEO Nick Fry with the recently employed Executive Director Toto Wolff.
Fry commenced with the team in 2002, when the outfit was then known as BAR- Honda. He was also present during the transition of the team to Honda, Brawn Grand Prix, and now Mercedes. He took the opportunity to highlight his appreciation for the team and its success, in particular the championship winning year of 2009 with Brawn.
He told ESPNF1: “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 will remain with the team until the end of 2014 as a commercial operations consultant.
“Equally important is the success of the 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. I believe that Mercedes AMG Petronas offers the best sponsorship proposition I. Formula One and I look forward to continuing to assist the team and its partners over the coming years.”
Wolff only commenced with Mercedes in January and told ESPNF1 that he was delighted with his new appointment, and after praising Fry for his service and commitment to the team, gave a little insight into the commercial endeavours of the team.
“I would like to thank Nick for more than ten years of service to the team in Brackley,” he said. “Mercedes AMG Petronas enjoys a strong network of global, blue-chip partners who want to be associated with Mercedes-Benz in Formula one and we will work hard to retain our partners while also attracting new names to the sport in the future. I am pleased that Nick will remain close to the team to support us in achieving these targets.”