FREE NEWSLETTER

New Merc F1 board members underline importance of F1

30 July 2019

The Mercedes Formula 1 team has outlined changes to the composition of its board, including the nomination of a new non-executive chairman following the passing of Niki Lauda.

Markus Schafer and Frank Markus Weber have joined the Mercedes Formula 1 team as board members of Mercedes-Benz Grand Prix Ltd, following the departure of Bodo Uebber, who was Daimler’s chief financial officer, and Ola Kallenius on 22 May. The latter has replaced long-time racing supporter Dieter Zetsche who stepped down from his role as chairman of the board of management of Daimler AG and head of Mercedes-Benz cars.

Daimler board member Schafer who “responsible for group research and Mercedes-Benz cars development”, has been appointed as its non-executive chairman following the passing away of Niki Laude in May. He and Weber join Mercedes F1 team principal Toto Wolff, Britta Seeger and Rene Berger on the board.

“The commitment of our parent company has been fundamental to the team’s success and will continue to be so in the years ahead,” said Wolff. “This support for Formula 1 has always been reflected in our team’s board, with strong representation from Daimler’s senior leadership, and it continues through the appointments of Markus and Frank Markus for the years ahead.

“Formula 1 is a powerful technology and marketing platform for Mercedes-Benz globally, and a valuable shop window for the company’s values and its competitiveness.”

New non-executive chairman Schafer added: “Mercedes-Benz is a driving force in the transformation to emission-free mobility. To maintain personal mobility, cutting-edge technology is required to push boundaries and redefine standards, and this can only be achieved by focusing on a shared goal and through fantastic team spirit.

“Our learnings from the exciting world of Formula 1 have brought us valuable and inspiring synergies, and I am looking forward to build upon that close cooperation.”

Partners

Latest issue

FREE Newsletter

Stay up to date and a chance to win 1 Years Subscription*

  • This field is for validation purposes and should be left unchanged.

Latest Tweets

Stay up to date with our social world

RACE TECH magazine @RaceTechmag
21 Sep
F1 announce dates for first Las Vegas Grand Prix #F1 #LasVegas #Formula1 @F1 #LasVegasGP https://t.co/nqqJxgamw4 https://t.co/cBW6K9EEw0
RACE TECH magazine @RaceTechmag
12 Sep
Latet issue of RACE TECH out now. Don't miss: AUDI ENTERS #F1 - Formula 1’s #Sustainability agenda reaped its first… https://t.co/tS71oa5JOg
RACE TECH magazine @RaceTechmag
12 Sep
Your free ticket! Motorsport Engineering & Technology Show - MIA CTS2022 - https://t.co/8KC89BkNtB
RACE TECH magazine @RaceTechmag
8 Sep
Her Majesty The Queen Elizabeth II 1926 - 2022 https://t.co/GkRFlm6PKX
RACE TECH magazine @RaceTechmag
2 Sep
In case you missed it this week - @audisport to enter #F1 in 2026 following new #Sustainability rules #Audihttps://t.co/uIdS6ph1ka
RACE TECH magazine @RaceTechmag
24 Aug
Daniel Ricciardo to leave Mclaren Racing at the end of the year. Watch his video announcement here #danielricciardohttps://t.co/ugPNMC1yfm
RACE TECH magazine @RaceTechmag
24 Aug
Daniel Ricciardo to leave Mclaren Racing at the end of the year - https://t.co/JiQCD1xJkT https://t.co/JN6toq3rHm
RACE TECH magazine @RaceTechmag
23 Aug
NASCAR - Eric Jacuzzi, managing director of #aerodynamics and vehicle performance at @NASCAR talks to… https://t.co/q4Fp0otVRz