Nick Fry steps down as CEO of MERCEDES AMG PETRONAS

Sepang – 22/03/2013

NICK FRY STEPS DOWN AS
CEO OF MERCEDES AMG PETRONAS

The MERCEDES AMG PETRONAS Formula One team today announced that Nick Fry, the team’s Chief Executive Officer, will step down from his current position at the beginning of April. He will continue to assist the team’s commercial operations as a consultant until at least the end of 2014.

Toto Wolff, the team’s new Executive Director and 30 per cent shareholder, will therefore take a greater role in the day-to-day running of the team alongside Team Principal Ross Brawn, assuming the areas of responsibility previously held by Nick.

"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. 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," said Nick Fry. "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."

"I would like to thank Nick for more than ten years of service to the team in Brackley," commented Toto Wolff. "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."

Media Contacts

Wolfgang Schattling +49 711 17 84008
Bradley Lord +49 711 17 84012
Nicola Armstrong +44 779 38 44549

About Daimler

Daimler AG is one of the world’s most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance and innovative mobility services.

The company’s founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today: The Group’s focus is on innovative and green technologies as well as on safe and superior automobiles that appeal to and fascinate its customers. For many years now, Daimler has been investing continually in the development of alternative drive systems with the goal of making emission-free driving possible in the long term. So in addition to vehicles with hybrid drive, Daimler now has the broadest range of locally emission-free electric vehicles powered by batteries and fuel cells. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment.

Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities on five continents. Its current brand portfolio includes, in addition to the world’s most valuable premium automotive brand, Mercedes-Benz, the brands smart, Freightliner, Western Star, BharatBenz, Fuso, Setra and Thomas Built Buses. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In 2012, the Group sold 2.2 million vehicles and employed a workforce of 275,000 people; revenue totaled EUR 114.3 billion and EBIT amounted to EUR 8.6 billion.

NICK FRY STEPS DOWN AS CEO OF MERCEDES AMG PETRONAS.pdf

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