Overview
- Kurtz purchased 15% of Wolff’s personal holding company, equivalent to a 5% share of the Mercedes-AMG Petronas F1 team.
- He will join the team’s strategic steering committee alongside Ola Källenius, Jim Ratcliffe and Toto Wolff.
- Mercedes says Wolff continues as CEO and team principal, and the team’s ownership structure with Mercedes-Benz and INEOS remains the same.
- Financial terms were not disclosed, though multiple outlets report a roughly $6 billion team valuation based on a person familiar with the deal.
- The move deepens a CrowdStrike partnership dating to 2019, with Kurtz set to advise on data analytics, AI-led development, cybersecurity and U.S. tech-sector growth.