Who is the owner of Mercedes-AMG F1?
CrowdStrike CEO and endurance racer George Kurtz becomes co-owner of Mercedes after acquiring stake from Toto Wolff. CrowdStrike CEO George Kurtz has become a co-owner of the Mercedes team, having been a partner of the squad since 2019. Mercedes F1 Team – Mercedes-Benz Group, Toto Wolff, INEOS and CrowdStrike. The Mercedes F1 Team was owned in equal parts by three parties: Mercedes-Benz Group, CEO Toto Wolff and INEOS.
Who is the CEO of Mercedes F1 2025?
TotoWolff. Toto Wolff is Team Principal & CEO of the Mercedes-AMG PETRONAS F1 Team. Toto Wolff is team principal and CEO of the Mercedes-AMG Petronas Formula 1 Team. He controls 33%. Under his direction, Mercedes claimed eight consecutive Formula 1 Constructor’s Championships from, 2014 to 2021, as well as seven consecutive Drivers’ Championships during that span.Toto Wolff (Mercedes) – £1. As well as being the Mercedes team principal, he also owns one-third of the F1 team.Toto Wolff has sold 15 per cent of his stake in Mercedes to American billionaire George Kurtz.
Who is the CEO of Mercedes-AMG?
Mercedes-AMG has appointed Dr. Stefan Weckbach as its new CEO, effective July 1, 2026. He replaces Michael Scheibe, who will become Member of the Board of Management for Production, Quality & Supply Chain Management. Källenius succeeded Dieter Zetsche as the Chairman of the Board of Management of Mercedes-Benz Group AG in May 2019. In 2023, Mercedes-Benz extended his contract until mid-2029. In his capacity as CEO, Källenius accompanied Chancellor Olaf Scholz on a state visit to China in 2024.
Is Toto Wolff owner of Mercedes?
After the 2020 F1 season, Wolff signed a new deal with Mercedes to continue as team principal and CEO for at least another three years, increasing his ownership stake to 33% upon investment from Ineos, becoming equal shareholders with Daimler AG. In April 2020, Wolff acquired a 4. Aston Martin Lagonda Global Holdings plc as a financial investment, which subsequently was diluted to less than 1%.
Why is Toto Wolff so rich?
Toto Wolff made his fortune in the world of investment and finance. He started his career at the Austrian investment bank Raiffeisen Zentralbank, where he worked in the corporate finance division. Later, he co-founded an investment company, Marchfifteen, which specialized in internet and technology companies. Despite a challenging start due to the dot-com bubble burst, Wolff persevered and later co-founded Marchsixteen Investments, a venture focusing on strategic investments in medium-sized industrial and listed companies. This venture was highly successful and formed the basis of his wealth.