Nick Fry will step down from his role as CEO of Mercedes at the beginning of April, the team confirmed today.
Recently Fry has been more focussed on sponsorship activities, and that will continue for the time being. The team says that he will “assist the team’s commercial operations as a consultant until at least the end of 2014,” adding that executive director Toto Wolff will take a greater role in the day-to-day running of the team.
Fry has been involved in the team since the BAR days, through the Honda and Brawn eras.
“I feel very privileged to have had the opportunity to work with our team for the last 11 years and remain extremely proud of the fact that we took the team to its first race win and especially the double World Championship in 2009,” said Fry.
“Equally important is the success of our commercial activities as we have managed to gain the support of some of the most important companies in the world, thereby building a strong foundation for the future success of the team.
“I believe that Mercedes AMG Petronas offers the best sponsorship proposition in Formula One and I look forward to continuing to assist the team and its partners over the coming years.”