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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.”

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