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Nick Fry steps down as CEO at Mercedes

Updated: March 22, 2013, 7:20 AM ET
Associated Press

SEPANG, Malaysia -- Mercedes says chief executive officer Nick Fry will step down in the latest personnel change to hit the Formula One team.

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 last season in a management shake-up that also saw the arrival of ...

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