Toto Wolff: ‘I have not committed myself for three years, but for life!’

© Daimler AG

Toto Wolff says the announcement that he has signed on as Mercedes’ team principal for three more years is a misunderstanding, he has signed on “for life”.

On Friday Mercedes announced that team boss Toto Wolff will serve as the team’s principal for at least three more years, ending a year-long speculation about his future.

“He 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,” added Mercedes in a statement.

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It has also been announced that Toto Wolff’s stake in the team will increase to a little over 33%. Now the Austrian says the announcement of a three-year deal has been misunderstood, as he will remain with Mercedes “for life”.

“I have not committed myself for three more years, but for life!” Wolff was quoted by

“We are now three shareholders who own the company. Mercedes is what I do.”

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