Team principals not only oversee the operations at the track and the factory (an increasingly difficult job with 23 races) they are heavily involved in the politics of the sport, often leading top-level negotiations with the organisers and the FIA.In the team, the buck stops here ā although that is not always the case. Just ask ex-Renault chief Cyril Abiteboul, former Williams boss Simon Roberts or even Red Bullās Christian Horner. There is always an owner looking on from above.
- from motorsport.com's profile of F1 team roles
Toto Wolff is Team Principal & CEO of the Mercedes-AMG PETRONAS F1 Team. He is the managing partner of the team alongside wider responsibilities as Head of Mercedes-Benz Motorsport. At the end of the 2020 F1 season, it was announced that Toto had increased his stake in the team, with Toto, INEOS and Daimler AG all holding one-third equal shareholding. Under the new structure, it was confirmed Toto will remain in his role as Team Principal and CEO for a further three years
- from the Mercedes AMG F1 team's official bio
