Toto Wolff has reportedly signed a new Mercedes contract ahead of 2024 F1 season.
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Toto Wolff has reportedly signed a new three-year deal with Mercedes that will keep him with the team until 2026 ahead of new Formula Season.
The Mercedes CEO has come under pressure following Red Bull Racing’s dominance since 2022. Before 2022, Mercedes AMG Petronas have had a dominance of eight straight years since 2014.
“I’m part of this team in various functions,” Wolff told The Telegraph, where he confirmed his new contract.
“I’m a co-shareholder. I’m on the board. These are things that will not change whatever executive, or non-executive, role I have. But I feel good.
“The risk for me is always more bore-out than burnout. And that’s why I embrace the challenges we have today, even though they sometimes feel very, very difficult to manage.”
The new season starts on February 29, 2024.
And on the other news, the new car for the 2024 season will launch on February 14, 2024.