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Wolff to 'resolve conflict of interest'

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Wolff to 'resolve conflict of interest'
By:
Mar 11, 2013, 5:46 AM

Toto Wolff admits the presence of a conflict of interest and is looking for the best solution

Mar.11 (GMM) Toto Wolff has admitted owning shares in Williams whilst working as F1 rival Mercedes' director is a "conflict of interest".

Toto Wolff, Mercedes AMG F1 Shareholder and Executive Director
Toto Wolff, Mercedes AMG F1 Shareholder and Executive Director

Photo by: XPB Images

The 41-year-old Austrian changed teams over the winter, relinquishing his active role at Williams and buying into Brackley based Mercedes.

But Wolff, whose wife is the Williams test driver Susie Wolff, still retains part-ownership of the Oxfordshire based team.

"The situation is certainly not the way I want it," he told Der Standard newspaper.

"I no longer have an operational role (at Williams), but still it's not ideal.

"I need to deal responsibility with the shares and not just sell to anybody.

"I'll try to resolve this conflict of interest as soon as possible," added Wolff.

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About this article

Series Formula 1
Drivers Susie Wolff , Toto Wolff
Teams Mercedes Shop Now , Williams
Author GMM