Toto Wolff has signed an extension to remain as team principal of the Mercedes Formula One team until the end of the 2026 season.
Confirmed:
- Extension will take Wolff to 14 years with the Brackley-based team
- Wolff to lead Mercedes for at least the first season of the new regulations
Context:
Toto Wolff owns one third of the Mercedes Formula One team alongside his role as team principal, with the remaining two thirds split equally between Ineos and Mercedes-Benz.
The team has won just one race since the regulations changed in 2022, making this the toughest period of Wolff’s leadership. The contract extension highlights the trust that the Austrian has built during his time at the team, but form will likely need to improve soon if this long-term partnership is to continue beyond the next regulation change.
Comment:
Wolff told The Telegraph: “I think the most important thing between the three of us is that we trust each other.
“At the end of the day, as a shareholder myself, I want the best return on investment. And the best return on investment is winning.