Toto Wolff gives praise to new Formula 1 CEO Stefano Domenicali

© LAT Images for Mercedes-Benz Grand Prix Ltd

Former Ferrari team principal Stefano Domenicali recently replaced Chase Carey as Formula 1’s CEO. Mercedes team principal Toto Wolff believes he was the right choice for the role.

“[It’s] a great move from Liberty [Media, the owners of Formula 1],” Wolff said.

“I think Stefano is, foremost, a man with a great personality, integrity and knowledge of the sport.

“He’s been a Sporting Director, a Team Principal, has gone through difficult and successful times, has been involved in the Audi Formula 1 project for a while and in the end was the guy that led Lamborghini to tremendous performances.

“I think because he knows the sport inside out, sport comes first. He’s going to stay away from artificial things, in my opinion.

“He’s a purist, but equally understands that you need to keep the spectators and audiences interested. So I think that balance is really complicated to have right. I think he will get that right.”

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Wolff, who has also been in the mix to become new F1 CEO, says Ferrari would have never accepted his appointment.

“Everybody knows that there were some initial discussions with Greg [Maffei, Liberty Media President], it never went anywhere.

“We get on well, I respect Greg a lot for what he has achieved. I found out that I love the stopwatch so much, the competition and the racing.

“That’s where I am today, co-owner of the team with Mercedes, I have to pinch myself every single day.

“And in the end, it wouldn’t  have gone anywhere anyway because Ferrari wouldn’t have accepted that,” concluded the Austrian.

it is important to note that currently three top Formula 1 management positions are held by ex Ferrari key personnel.

Former Ferrari team boss from 1994 until 2007 Jean Todt is the President of the FIA, former Ferrari technical director from 1997 until 2006 is Formula 1’s managing director, and now former Ferrari team principal from 2008 until 2014 is the CEO of Fomula 1 for Liberty Media.

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