Mercedes have confirmed that Nick Fry will step down from his current position of Chief Executive Officer at the beginning of April.
Fry has played an integral role in the Formula One even before Mercedes bought the 2009 Championship-winning Brawn GP outfit.
However, his days are numbered as the 59-year-old still soon step down with Executive Director Toto Wolff taking over his role in the day-to-day running of the team.
Fry, though, will remain involved with the team's commercial operations as a consultant until at least the end of 2014.
"I feel very privileged to have had the opportunity to work with our team for the last 11 years and remain extremely proud of the fact that we took the team to its first race win and especially the double World Championship in 2009," he said.
"Equally important is the success of our commercial activities as we have managed to gain the support of some of the most important companies in the world, thereby building a strong foundation for the future success of the team.
"I believe that Mercedes offers the best sponsorship proposition in Formula One and I look forward to continuing to assist the team and its partners over the coming years."
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