01:08:06 · John Collison, Toto Wolff
[01:08:06] S1: Last question. How do you set Mercedes up for succession? How how will this work post Toto, and how can you prepare for that? [01:08:15] S0: You know, I've seen examples of entrepreneurs that were either so selfish or believed in their own eternity and forever life that they didn't look at what... That they didn't look after, you know, not only their families, but also the company. Mhmm. For me, it is not important to, you know, to leave a legacy and call the building, the whatever, total building or so, which I hear some people are doing nowadays. [01:08:50] S1: Yeah. You already have the toilets named after you. [01:08:52] S0: So... Yeah. Exactly. I I wish I would own the... Go on this business. That's massive. [01:08:55] S1: Especially now with AI. [01:08:57] S0: Exactly. We should ask them to sponsor for sponsorship. Yeah. Actually. So for me, it's important to do to do what's best for the family and to do what's best for the team. And that means looking at the structure going forward where this team can live without me. And probably it's not gonna be the same because I have the credibility as an entrepreneur that that's leading my own businesses. Mhmm. But there will be a solid management structure. And I believe that my job is gonna be divided between two or three people Yeah. That I'm waiting at the moment that I that I believe can... Already doing a great job with that... With all of their strengths in various various areas. And then it's gonna be different, but it's... It will be a successful team. Do you think you will
01:08:57 · Toto Wolff, John Collison
[01:08:57] S0: Exactly. We should ask them to sponsor for sponsorship. Yeah. Actually. So for me, it's important to do to do what's best for the family and to do what's best for the team. And that means looking at the structure going forward where this team can live without me. And probably it's not gonna be the same because I have the credibility as an entrepreneur that that's leading my own businesses. Mhmm. But there will be a solid management structure. And I believe that my job is gonna be divided between two or three people Yeah. That I'm waiting at the moment that I that I believe can... Already doing a great job with that... With all of their strengths in various various areas. And then it's gonna be different, but it's... It will be a successful team. Do you think you will [01:09:42] S1: set things up where maybe you move to sort of executive chairman type of role where you don't have to be there every race weekend? You let the new person set their direction, but you can help with personnel and be there for advice? Or do you think it's important to have a clean break and you get out and it's their show now? And
01:09:42 · John Collison, Toto Wolff
[01:09:42] S1: set things up where maybe you move to sort of executive chairman type of role where you don't have to be there every race weekend? You let the new person set their direction, but you can help with personnel and be there for advice? Or do you think it's important to have a clean break and you get out and it's their show now? And [01:09:57] S0: I think clean break is is probably not possible if it continues... If I continue to own it Mhmm. With with my family. So that kind of executive or nonexecutive chairmanship is something that I'm... That that may happen. But it needs to happen in a very, very precise way. Because you can't be on the sidelines and interfere into the daily business. I also don't wanna end up in a situation that that I believe the family can run it run it run it's the best way and then be just mediocre. Yep. You have to earn your spot in running it and you have to contribute. And my children also don't have any interest. So I believe that if you are chairman, nonexecutive or executive, you need to exactly know your role. And that doesn't mean shooting from the outside and being the one that sits on the on the grandstand and says, you've screwed up and you've screwed up and this is how I would [01:10:55] S1: calling the drivers directly and... [01:10:57] S0: You can't call the drivers directly if it's about, you know, keeping the contact, but it's not about interfering into the daily business. And that's how I would aim to be Yes. In the future. But it's... I'm still enjoying it too much running it, actually.
01:10:57 · Toto Wolff, John Collison
[01:10:57] S0: You can't call the drivers directly if it's about, you know, keeping the contact, but it's not about interfering into the daily business. And that's how I would aim to be Yes. In the future. But it's... I'm still enjoying it too much running it, actually. [01:11:11] S1: Yeah. Well, that makes sense. Theoretical for now. Totally. [01:11:13] S0: Thank you. John, thank you for having me, and congratulations what... To what you have achieved. We haven't talked about it enough, but I can only take my hat off.