Nick Fry steps down as CEO at Mercedes AMG F1

Mercedes says chief executive officer Nick Fry will step down in the latest personnel change to hit the Formula 1 team in the past several months.

Mercedes says chief executive officer Nick Fry will step down in the latest personnel change to hit the Formula 1 team in the past several months.

Nick-Fry-has-been-present-at-Mercedes-AMG-F1-since-the-Brackley-UK-based-team-was-British-American-Racing-Honda-and-then-Brawn-GP-Getty-Images

Toto Wolff, the team's executive director, will take on a greater role including many of Fry's responsibilities in the day-to-day running of the team alongside team principal Ross Brawn. Fry will step down in April.

Wolff replaced Mercedes motorsports chief Norbert Haug after the season in a management shake-up that also saw the arrival of former champion Niki Lauda. On the track, the team brought in Lewis Hamilton from McLaren to replace seven-time F1 champion Michael Schumacher, who retired for a second time after the season.

Fry will continue working for the team as a consultant in its commercial operations through 2014.