has acquired 15% of Toto Wolff’s holding firm, representing 5% of shares within the Mercedes F1 workforce.
Kurtz, the CEO and founding father of cybersecurity agency Crowdstrike, got here on board as a Mercedes sponsor in 2019 and has now turn out to be an proprietor, in addition to becoming a member of then workforce as Know-how Advisor.
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Kurtz has personally acquired 15% of the holding firm managed by Mercedes F1 CEO Toto Wolff, which holding one third of the shares within the Mercedes F1 workforce, with the Brackley squad’s shares cut up 3 ways with Mercedes-Benz and British chemical big Ineos. The workforce introduced Kurtz will even be part of the workforce’s strategic steering committee alongside Mercedes chairman Ola Källenius, Ineos chief Jim Ratcliffe and Wolff, whereas advising the workforce on its know-how technique.
In any other case, the management construction of the workforce in any other case stays unchanged, with Wolff remaining in place as CEO and workforce principal.
“George’s background is uncommon in its breadth: he is a racer, a loyal sporting ambassador for Mercedes-AMG, and an distinctive entrepreneur,” Wolff stated. “He understands each the calls for of racing and the realities of constructing and scaling know-how companies. That mixture brings particular perception that’s more and more related to the way forward for Method 1.”
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Kurtz, who’s an skilled sportscar racer, added: “Successful in racing and cybersecurity requires velocity, precision, and innovation. Milliseconds matter. Execution counts. Information wins.
“Know-how is reshaping aggressive benefit and human functionality in every single place, together with motorsport. I am excited to assist the workforce securely speed up ahead.”
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