Toto Wolff says he is not “quitting as team principal” of Mercedes

© Steve Etherington for Mercedes-Benz Grand Prix Ltd.

Toto Wolff says he is not looking to leave his job as Mercedes team principal, but just looking ahead at how his role might evolve.

There’s lots of speculation about what Toto Wolff will do after his contract with Mercedes expires at the end of 2020. Although he has already said he is contemplating his future, he confirms it doesn’t mean he will leave his team principal role anytime soon.

“Yeah, I think I am going to mix it up a little bit,” Wolff told Sky Sports F1.

“What I always said is that you need to realise where the point comes from becoming very good to good because you cannot contribute to an organisation’s performance any more.

“I don’t think this moment has happened yet, but in our team, we look ahead and we look at senior leaders and the potential of young ones coming up.

“We don’t want to create a bottleneck for talent to prosper and this is why, far in advance, we already look at every position.

“It doesn’t mean I am quitting as a team principal but I am looking ahead to look and see what my involvement is down the road.”

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However Wolff is not only an employee of Mercedes, he is also a shareholder and owns 30% of its Formula 1 team.

“I am a shareholder and co-owner of the team so I wouldn’t say that that is it, I am out of there, on the contrary, I am just contemplating.

“The situation is a bit complicated because we are not talking about an employment contract that I have.

“[It is] more to carve out with Daimler what the future of shareholding can look like and what each other’s expectations are. Find out what Mercedes expectation is for me and what my expectation is for Mercedes.

“These are discussions that are very productive and good but they drag on for a while because it is a large management and corporation and I need to find out for myself what is good for my family and myself,” concluded the Austrian.

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