Mercedes has confirmed Markus Schafer has been appointed as the new non-executi🍃ve chairman, replacing Niki Lauda in the role, as part of wider shake-up of its board🤪 of directors.

Following the passin💃g of Lauda in May, the non-executive chairman role has b♌een vacant with responsibilities shared between the existing board of directors.

After last week’s Mercedes-Benz Granꦐd Prix Ltd board meeting in Stuttgart, Schafer – in charge of Daimler AG Group Research and Mercedes-Benz Cars Development – has been nominated at the new non-e༒xecutive chairman. Schafer has also been a non-executive director since March.

As part of further changes, Frank Markus Weber has been named non-executive director fol🧸lowing the departures of Ola Kallenius and Bodo Uebber.

♒Schafer and Weber join Britta Seeger, Rene Berger and Toto Wolff on the Mercedes board.

“The commitment of our parent company has been fundamental to the team’s success and will continue to be so in the years ahead,” Wolff said. “This support for Formula 1 has always been reflected in our team’s board, with strong representation from Daimler’s senior leadership, and it continues through the appointments of Markus and Frank Markus fo🦹r the years ahead.

“Formula 1 is a powerful teꦗchnology and marketing platform for Mercedesܫ-Benz globally, and a valuable shop window for the company’s values and its competitiveness.”