In an exclusive interview with The Daily Telegraph, Wolff has revealed that he recently agreed with his fellow shareholders to a new deal to remain at the helm at the squad until at least the end of 2026.
The three parties involved, Wolff, INEOS owner Jim Ratcliffe and Mercedes-Benz CEO Ola Kallenius, have agreed that the best way forward is to ensure that the management of the F1 squad is stable as it bids to get back to the front of F1.
Speaking about the situation, Wolff, who owns 33% of the team, said: "I think the most important thing between the three of us is that we trust each other.
"At the end of the day, as a shareholder myself, I want the best return on investment. And the best return on investment is winning.
“I'm not going to try to hang on to a position that I think somebody is going to do better than me. I make sure that I have people around who can tell me otherwise. In the end the three of us decided: 'Let's do it again'."
Mercedes’ lack of success over the past season, where it has taken just one victory while rival Red Bull has grabbed back-to-back title glory, prompted talk that Wolff could be under pressure to keep his job if there was not a turnaround in the team’s fortunes.
Source: Autosport