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DATE News (chronologically)
05/11/19
irl
Wolff could replace Carey as F1 CEO (Update)
Carey out and Wolff in?
Wolff denies the rumors

UPDATE This rumor is downgraded to 'false' today. Toto Wolff has rubbished speculation that he is eyeing Chase Carey's job at the top of Formula 1.

Reports this week said the Mercedes boss was lining up to replace Carey as F1 CEO, even though Ferrari could apparently veto that move.

"Certainly the veto right is something important for Ferrari but also important for F1 overall," Ferrari boss Mattia Binotto said when asked about the veto in Barcelona.

"It's not only protecting us but also all the teams against maybe some decisions which could be against the spirit or the interest of the teams."

But when asked about the speculation in Barcelona, Wolff denied that he is thinking about replacing Carey.

"I could not take my job seriously if I participated in such speculation," he told Kronen Zeitung newspaper.

"A journalist has written a funny story which is full of speculation," Wolff added.

"But I am still at Mercedes for a long time and have a great task to lead this team. It's fun and not something I want to change," he said.

Wolff denied that rumors of his departure from Mercedes could be fueled by the impending arrival of Ola Kallenius as the new Daimler CEO.

He insists that Kallenius has "Formula 1 at heart", even if he has said that he wants the Daimler brands to have a greener image.

"We generate a huge amount of media, so nobody questions it," said Wolff when asked if Mercedes could be thinking of stepping away from Formula 1.



05/08/19 (GMM) Toto Wolff could be lining up as a potential successor to F1 chief executive Chase Carey.

In Baku, the Mercedes boss did not deny that his contract expires at the end of 2020. Furthermore, it is believed Wolff has an uneasy relationship with Ola Kallenius, who is set to replace Dieter Zetsche at Daimler.

GPToday.net reports that Wolff's 30 per cent shareholding in Mercedes could be withdrawn, and sources claim the Austrian is "considering his future".

The report also said current F1 CEO Carey will resign, perhaps after the latest 12 month extension of his contract at the end of 2020.

A spokesperson for Formula 1 did not respond.

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