The big Formula 1 bosses at Mercedes, Toto Wolff and Niki Lauda, have extended their contracts through to 2020.

New contracts for two of these three men...
New contracts for two of these three men…

Wolff and Lauda will be sticking around at Mercedes for a little while longer, having both signed new contract extensions.

Head of motorsport, Wolff, joined the Silver Arrows in 2013, shortly after three-time F1 champ Lauda linked up with the German manufacturer in F1 as non-executive chairman.

They’ve clearly played a pivotal role in the team’s domination over the past three seasons, taking the drivers’ and constructors’ titles each year since 2014.

Wolff is sticking with Merc for a bit longer, at the least
Wolff is sticking with Merc for a bit longer, at the least

The news of Wolff and Lauda signing new deals adds stability after a busy off-season for the Brackley-based team.

Reigning champion Nico Rosberg opted to ditch Merc and retire from F1 just days after winning his maiden world title. Valtteri Bottas has been drafted in as his replacement.

Then technical boss Paddy Lowe decided to move on, with James Allison recently being confirmed as its new technical director.

Lauda's signed a new deal
Lauda’s signed a new deal

Lauda said he has formed a “perfect partnership” with Mercedes and that the last few years have been some of the most enjoyable he has had in F1.

Wolff added he is “humbled” to represent the talented and inspiring group of people working at Mercedes.

The news also confirmed that the shareholding arrangements at Mercedes remains the same, with Wolff having a 30% stake, Lauda 10% and Daimler 60%.