Wolff’s new three-year deal ‘a misunderstanding’
Mercedes boss, Toto Wolff, has said there has been “a misunderstanding” over the length of his renewed commitment to the Formula 1 team.
He spent a lot of the season reviewing his choices and his primary fear of becoming the person to lead Mercedes to further success in the World Championship was becoming decent and no longer great.
But after adding another double title to the large collection of trophies in the Mercedes cabinet on Friday, December 18, the Silver Arrows made two major declaration.
‘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.’
But, in a post-announcement conference call, Wolff said his commitment is much greater than just a new three-year deal.
“I have not committed myself for three more years, but for life!” Wolff said, as quoted by Motorsport-Total.com.
“We are now three shareholders who own the company.”
Wolff also said that “regardless of” his current role, he has the freedom to step down at any moment and transition into another role such as CEO or Chairman of the Board.
He simply added: “Mercedes is what I do.”
The only new contract now left to be announced is that of a certain driver called Lewis Hamilton, whilst we continue to wait for his contract extension to be agreed, he is naturally very happy that Wolff has decided to pledge his continued allegiance to the Silver Arrows.
Hamilton said: “He is such a great figurehead, and I think that the team is just better for it, to have that longevity, and it’s great to see that commitment from Mercedes.
“But the added bonus of having INEOS who came in this year and have been a part of our success this year, it’s great to see they’re going to be a part of this team and help with the stability of this team moving forward in growing to be better.”