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Mercedes denies Fry quit rumours
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- Mercedes
Mercedes GP has denied that chief executive Nick Fry has quit the team as reported on various websites on Monday.
The report stated he had been replaced by Mohamed Badawy Al Husseiny, the chief executive of the Aabar investment fund which owns 30% of the team. However, Mercedes issued a terse statement, a spokesman simply stating: "I can confirm that Nick Fry remains at the team in the position of chief executive officer."
It does appear that some restructuring of the former Brawn outfit has taken place in the wake of the takeover by the German carmaker.
Representatives of new shareholders Daimler and Aabar, including Norbert Haug, have joined a new executive committee, with the likes of Fry and Brawn lawyer Caroline McGrory believed to have stepped aside.