Long-time Mercedes boss Toto Wolff has signed a new deal, extending his stay at the helm of the Mercedes AMG Petronas F1 Team by a further three years, until 2026.

The formidable Austrian has been with Mercedes since January 2013, and has since then won eight constructors’ titles and 115 first place trophies in 225 races.

“I’m not going to try to hang on to a position that I think somebody is going to do better than me,” Wolff told the Telegraph, adding “I make sure that I have people around who can tell me otherwise. In the end the three of us decided: ‘Let’s do it again’.”

The highly successful Mercedes F1 team is equally owned in three parts by Wolff, Mercedes-Benz and a subsidiary of Ineos owned by Monaco resident Sir Jim Ratcliffe.

Wolff himself is a resident of Monaco, wherein he recently celebrated his 52nd birthday with his wife Susie Wolff and their son.

The 2024 Formula 1 season begins with the Bahrain Grand Prix on Sunday, March 2.

Featured image courtesy of @MercedesAMGF1 on X