Wolff thanked the outgoing chief executive officer, saying “Mercedes AMG Petronas enjoys a strong network of global, blue-chip partners who want to be associated with Mercedes-Benz in Formula One and we will work hard to retain our loyal partners while also attracting new names to the sport in the future.
“I am pleased that Nick will remain close to the team to support us in achieving these targets.”
Fry has been with the team since 2002 when it was BAR. Together with Ross Brawn he played a role in salvaging the team when its F1 programme was cancelled by Honda at the end of 2008. After running for one year as Brawn it was taken over by Mercedes.
“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.”
Wolff joined Mercedes from Williams in January as executive director.
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