Toto Wolff could become Formula 1 CEO – Reports

Reports suggest that current Mercedes team boss Toto Wolff could be being lined up to succeed Chase Carey as CEO of the Formula One Group.

A possible shake-up of the upper levels of Formula One could be coming within the next two seasons, and Toto Wolff could be set for a starring role.

Wolff’s current contract with Mercedes AMG comes to an end after the 2020 season, which also marks the end of the current commercial agreements with Formula 1. Wolff’s shares of 30% of Mercedes could end up being sold back to Daimler, with reports from suggesting that the Austrian is considering his future in Formula 1.

Former Chairman and CEO of Daimler, Dr. Dieter Zetsche, leaves his role this month in order to begin a two year hiatus before taking up a new position on Daimler’s supervisory board in 2021. Wolff’s relationship with Zetsche’s replacement, Swede Ola Kallenius, is understood to be less harmonious and, according to the report, could be another point for Wolff to consider.

The report goes on to say that Chase Carey, current CEO and chair of Liberty Media, could resign from his role at the end of 2020 also, meaning a management position would open up for Wolff to slot into.

Asked about his future during the Azerbaijan GP weekend, Wolff acknowledged that his contract with Mercedes ends in 2020 but wouldn’t be drawn further on whether he might look elsewhere. He also stressed that his relationship with Ola Kallenius is a good one.

The report goes on to say that a spokesperson for Formula 1 declined to respond to questions asked.

Read the full report by Dieter Rencken.

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Thomas Maher

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