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Wolff leaves Williams to join Mercedes 21 Jan 2013

Toto Wolff (AUT) Williams Shareholder.
Formula One World Championship, Rd5, Spanish Grand Prix, Practice, Barcelona, Spain, Friday, 11 May 2012 (L to R): Frank Williams (GBR) Williams Team Owner and Toto Wolff (AUT) Williams Investor.
Formula One World Championship, Rd5, Spanish Grand Prix, Qualifying Day, Barcelona, Spain, Saturday, 12 May 2012

Williams have confirmed that Executive Director Toto Wolff is to leave the team with immediate effect to take up a new role with Mercedes. Wolff will be relinquishing his seat on the Williams board, but will retain his shareholding in the company.

Williams team principal and majority shareholder Sir Frank Williams will continue to oversee the running of the company, with Wolff’s responsibilities being shared between members of the board’s Executive Committee.

"I would like to thank Toto for his hard work, dedication and commitment to the team during his time as a director of the company,” said Williams. “He was a key support to me as Executive Director last season, deputising at a number of races when I was unable to attend.

“However, positions such as the one offered to him by Mercedes do not come around often. Toto has a long history with them and I certainly was not going to stand in the way of him accepting this once in a lifetime opportunity.”

Austrian Wolff joined the Williams board after investing in the team in late 2009 and became an Executive Director in July of last year. His departure follows Nobert Haug’s recent exit as head of Mercedes-Benz Motorsport.

“Toto will retain his shareholding in Williams and will always have a place at Grove but make no mistake; we will fight him hard on the racetrack!” added Williams. “I am sure he will be a strong asset for Mercedes and on behalf of the whole team I would like to wish him the best of luck in his new role.

“I’m lucky to have a very professional group of people around me and the company’s Executive Committee will continue the work they have been doing to ensure a successful future for the business.”

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