Toto Wolff extends his contract with Mercedes

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Toto Wolff extends his contract with Mercedes for futher three years.

Formula1.com announces that the Silver Arrows add that Wolff 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.

To create three equal partners, Daimler will reduce its current 60% shareholding and Wolff will increase his current 30%.

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