P1racenews AI automatic summary:
Mercedes Formula 1 team has confirmed that George Kurtz, CEO of major sponsor CrowdStrike, has become co-owner after acquiring a 15 percent minority stake from Toto Wolff.
George Kurtz, CEO of CrowdStrike, has acquired a 15 percent minority stake in the Mercedes Formula 1 team from Toto Wolff, while remaining the Team Principal.
Kurtz, a FIA bronze-rated endurance racing driver, also becomes the team’s Technology Advisor as part of the deal, given his company’s long-standing sponsorship.
Toto Wolff now owns one-third of the team’s ownership and continues as co-owner and CEO, showing his confidence in Kurtz’s support for the team’s innovation and technology strategy.
The strategic partnership aims to leverage Kurtz’s expertise in cybersecurity and data analytics to enhance the team’s performance on and off the track.
Mercedes expressed optimism in Kurtz’s ability to contribute to their success, citing his unique combination of racing, business, and technology experience as invaluable assets.
