Toto Wolff

Team Principal and CEO of the Mercedes-AMG Petronas F1 Team

Speaker fees:

In-person: £20k+
Virtual: £20k+

Topics:

Teamwork
2
Peak business performance
2
Entrepreneur
2
Leadership

Former racing driver turned investor and CEO, Toto Wolff is recognised internationally for his commitment and contributions in the field of motorsports.

As the current Team Principal and CEO of Mercedes AMG Petronas F1 Team and the Head of Mercedes-Benz Motorsport, Toto has harnessed record breaking results, and now as a speaker supports corporate teams in doing the same.

Toto’s motorsport career started in 1992, at the Austrian Formula Ford Championship. His career started with success, winning the 1994 24 Hours Nürburgring. After then winning a round of the 2002 FIA GT Championship, he joined Lorenzo Case to race at the 2004 Italian GT Championships. Toto’s resilience, endurance and drive to succeed is reflected through his highly successful career history, including winning the 2006 24-hour race in Dubai.

In 2009, Toto joined the board of directors for the Williams Formula One Team, and was later named Executive Director. In 2013, Toto left Williams to join Mercedes. While leading both teams, he enjoyed extensive success, including multiple podium finishes.

Toto was awarded the John Bolster Award at the 2018 Autosport Awards, in celebration of Mercedes’ unshakable dominance.

Under Toto’s leadership, Mercedes have won 102 out of 138 races, equating to a winning percentage of 68%.

Wolff is also the Vice Chairman of the Mary Bendet Foundation. This organisation helps underprivileged children to lead better lives through playgrounds, scholarships and disability centres.

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Featured topics include

The requirements of Formula One’s team leaders have changed significantly in recently years as teams have become larger, more complex, and the business model to which the sport operates has been transformed.  The leaders in F1 today are responsible for leading up to 1800 full time employees, creating a high-performance organisation which is fully aligned behind a strategy aimed at achieving a set of well defined, ambitious goals.

Competitive team leaders create a culture in which team personnel take responsibility and are happy to be held accountable for their performance.  Developing a high degree of psychological safety is key, requiring staff to speak up and speak out, with strong cross functional communications.  A relentless focus on continuous improvement is part of the F1 leaders mindset, and teams take a data-driven approach to measuring performance, highlighting issues and analysing developments. But whilst F1 is a technocentric sport, the successful leaders recognise that it is the people who make a difference. This is why so much effort is deployed to create an environment within which employees thrive, using their combined talents to problem solve and create highly innovative solutions in order to drive competitive advantage.

 

Competitive Formula One teams comprise 1800 staff, less than 10% of whom attend the race events, so teamwork requires complete alignment, shared purpose and close collaboration across the business.  The world championship includes 24 Grands Prix and these represent a series of non-negotiable deadlines which the entire organisation has to meet in terms of car development, hardware and software upgrades.  The ultimate, public example of high-performance teamwork comes in the form of the mandatory pit stops which have to be performed during a race – the record now stands at 1.8 seconds during which 22 staff carry out 36 tasks under extreme pressure. Alignment behind the team’s strategies and ambitious goals is vital, so too having the agility to flex the strategy in the face of constant changes in technology and the performance of competitors.

 

More than any other sport, Formula One has embraced a data-driven business culture, particularly with its near obsession with marginal gains and continuous improvement. F1 teams use data to enable drivers, engineers and HQ staff to determine precisely how the car and driver is behaving, diagnose issues, resolve problems and speed up decision making. As information flows seamlessly around the globe, linking car, team and factory, tech security is essential and robust systems ensure protection from multiple threats.

The use of simulators has transformed driver training, enabling systems to be learned, tested and developed in a virtual environment prior to real-world deployment. And with the advent of additive manufacturing, machine learning, AI and GenAI across F1, the sport’s use of technology to innovate and transform all aspects of its operations is set to accelerate further.

Every industry is witnessing change and Formula One is no different. One of the challenges facing F1 teams is that the sector is ever-changing – so change management and leading teams through periods of transformation is an essential part of the job.  Change comes in many forms; technology, compliance, competition, customer demands, environmental and social issues.  F1 has had to reinvent its business model, embrace digitalisations, adapt to a changing media and social landscape. Above all, F1’s leadership teams have had to communicate, manage and implement transformation strategies, bringing their teams with them and ensuring that they make the most from embracing change.

The science behind enabling peak human performance, both physical and mental, has played a pivotal role in developing the way in which Formula One drivers and team personnel realise their potential in this enormously demanding sport.  High performance coaches focus on aspects including physical training, nutrition, diet, hydration and optimising sleep patterns. All the teams now recognise that health and well-being is critical when building teams capable to delivering winning outcomes in a high-pressure environment.

This holistic approach to physical and mental health and well-being used to be confined to Formula One drivers but, over the last 20 years, teams expanded that to include the pit crews and travelling personnel.  Today Formula One teams invest in the wellbeing of all personnel, whether factory based or travelling.  Mental health has become a major focus as teams seek to help staff develop the focus, sustained performance and mental toughness to deal with the relentless challenge of this high-performance environment.

What people say

Thank you for securing us Toto and Susie Wolff for our SLM 2021 event this year. I thought the combination worked really well having them both together, and would recommend that to your other clients. I received many remarks from event attendees around how ‘on message’ they both were on the themes of leadership and culture, which was a big focus of our event this year. It was a real event highlight. In terms of official post-event reporting, 62.5% found their session excellent and 35% found it good (1 person found it average but perhaps he/she was a Red Bull fan).

Tetra Pak

We welcomed Toto as the keynote speaker at our virtual global Managing Director strategy event. The brief was around building sustainable performance and the culture needed to support this. Toto took the time to meet with us well ahead of the event itself and we spent an hour discussing the background, our needs and the various relevant topic areas. It was clear that Toto had already taken time to look into our organisation, history and strategy. We were impressed with how well this was understood and also how strong links were made to the Mercedes F1 team experience, development and culture building over time. In terms of the event, Toto engaged in a “fireside chat” for 30 minutes which flowed very well, with a clear spontaneous feel, as opposed to something that was stage-managed. Toto took the questions very much in his stride and provided clear responses, drawing on examples, which resonated well with the audience. We were delighted with Toto’s contribution and approach and would highly recommend him for similar events.

Moses, Swiss Reinsurance Company Ltd

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