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Mercedes appoints Markus Schafer as non-executive chairman

Mercedes-Benz Grand Prix Limited, the company which runs the Mercedes Formula 1 team, has announced Markus Schäfer a new non-executive chairman. Schäfer has been a non-executive director of Mercedes Grand Prix since March this year, and is also on the board of Daimler AG – Mercedes’ parent company – as part of its Group Research and Car Development division. He has risen through the ranks of the organisation since joining as a trainee in 1990. Mercedes has appointed Frank Markus Weber, Vice President [of] Corporate Development of Daimler AG as a non-executive director. The moves come in the wake of the departures from Mercedes Grand Prix of Ola Kallenius, who is...
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