Chief Executive Officer Nick Fry to leave Mercedes in latest management change

Nick Fry is to leave his position of Chief Executive Officer with Mercedes at the start of next month, the team have confirmed.

Speaking to reporters at Sepang later on Friday, Wolff said he had already in effect taken on many of the same things Fry was responsible for and stressed that Mercedes "don't want to have an overload in management". "It [Wolff's role] will not change because that's my job since the beginning of the year We analysed pretty early that there will probably be an overlay between the two of us," Wolff said. "We don't want to have an overload in management; that has been the cliché of the company. It was pretty clear from early on that I'm going to take on part of Nick's role and this is what I've been doing since January actually. "We're not at the end of the road in restructuring the commercial department. Nick's role was very much on the sponsorship side. I'm going to continue looking after key accounts but I'm not going to head the commercial department. This is something I'm going to restructure." Since the conclusion of the 2012 season and the signing of Lewis Hamilton, Mercedes' management set-up has been in a constant state of flux with Norbert Haug standing down as their motorsport boss to be replaced by Wolff, recruited from Williams, while Niki Lauda was appointed non-executive chairman in January. The team are also expected to hire McLaren's now-former Technical Director Paddy Lowe - who has been placed on gardening leave by McLaren for the remainder of his current contract - for 2014, with Ross Brawn's future subject to incessant speculation since Mercedes' interest in Lowe became public knowledge. However, Mercedes' promising start to 2013 has seemingly strengthened Brawn's position, with The Guardian crediting Wolff for calming 'the considerably troubled waters' since his arrival.