Toto Wolff extends his contract with Mercedes

Toto Wolff extends his contract with Mercedes for futher three years.

Formula1.com announces that the Silver Arrows add that Wolff will have the subsequent opportunity to transition to a new executive function within the organisation when he decides it is the right time to do so.

To create three equal partners, Daimler will reduce its current 60% shareholding and Wolff will increase his current 30%.

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