Wolff admits conflict of interest with Mercedes and Williams

(L to R): Toto Wolff (AUT) Mercedes AMG F1, Lewis Hamilton (GBR) Mercedes AMG F1, Nico Rosberg (GER) Mercedes AMG F1 and Ross Brawn (GBR) Mercedes AMG F1 Team Principal with the new Mercedes AMG F1 W04. Mercedes AMG F1 W04 Launch, Jerez, Spain, Monday 4 February 2013.

Toto Wolff with the Mercedes F1 team

Toto Wolff has admitted owning shares in Williams whilst working as Formula 1 rival Mercedes’ director is a “conflict of interest”.

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.