Mercedes have announced that Daimler’s Markus Schäfer has been nominated as the new as the non-executive chairman of the board, replacing Niki Lauda.
Schafer, a member of the Board of Management of Daimler AG responsible for Group Research and Mercedes-Benz Cars Development, takes over Lauda’s position within the Silver Arrows outfit.
“Mercedes-Benz is a driving force in the transformation to emission-free mobility,” said Schafer.
“To maintain personal mobility, cutting-edge technology is required to push boundaries and redefine standards, and this can only be achieved by focusing on a shared goal and through fantastic team spirit.
“Our learnings from the exciting world of Formula 1 have brought us valuable and inspiring synergies, and I am looking forward to build upon that close cooperation.”
Mercedes motorsport boss Toto Wolff welcomed Schafer’s appointment.
“The commitment of our parent company has been fundamental to the team’s success,” said Wolff, “and will continue to be so in the years ahead.
“This support for Formula One has always been reflected in our team’s board, with strong representation from Daimler’s senior leadership, and it continues through the appointments of Markus and Frank Markus for the years ahead.
“Formula One is a powerful technology and marketing platform for Mercedes-Benz globally, and a valuable shop window for the company’s values and its competitiveness.”
Meanwhile Frank Markus Weber, Vice President Corporate Development of Daimler AG, has been named as a new non-executive director.