Former Williams F1 test driver is to become the new team principal of and will take a minority shareholding in the Monegasque Formula E team.

After retiring from driving in 2015, Wolff has carved out a successful media career as part of Channel 4’s F1 coverage, as well as launching the successful ‘Dare To Be Different’ campaign to get more females involved in motorsport.

The news that Wolff is to be Venturi’s new team boss comes just over a month after the team announced the signing of Wolff’s former Williams teammate Felipe Massa on a three-year deal.

Wolff said of her new role, “When I decided to stop as a professional driver in 2015, I knew that I wanted to continue with the challenge of competitive racing, just not behind the wheel.

“You can’t just switch off your competitive instincts when you stop driving and that determination and desire to achieve still burn brightly inside me.

“I took time to carefully decide the right direction for that challenge and I have now found the perfect next step, with the opportunity to become both a shareholder and team principal of Venturi Formula E team.

“Formula E is the perfect environment for this step into team management: it is full of potential, breaking the mould for traditional racing series, and the series is enjoying an exciting phase of expansion at the moment.

“I can’t wait to begin this next chapter in my racing career and to tackle all of the challenges ahead.”

Venturi, which is part-owned by American actor Leonardo di Caprio, currently sit seventh in the Formula E teams’ championship, with a best result of second place at the second round in Hong Kong, and CEO Gildo Pastor believes the signing of Wolff will help the team move further up the grid.

“I am delighted to welcome Susie on board as Team Principal and shareholder. Her energy and expertise will help us to grow by strengthening the team and introducing a new approach to management,” said Pastor.

“Thanks to her personal experience Susie takes a unique strategic view of the team, the championship and motor racing in general. She will certainly lead the Venturi Formula E Team to the top.

“Her desire to become a shareholder illustrates an unwavering commitment which warms my heart.”

With Venturi set to supply powertrains to Mercedes-affiliated team HWA next season, Wolff’s appointment will no doubt strengthen the relationship between the two outfits, with the Scot having raced for Mercedes for several seasons in the DTM.

Wolff is expected to commence her role with immediate effect and will begin working from the team’s headquarters in Monaco, focusing on preparation for season five and the introduction of the new ‘Gen2’ Formula E car.

Image Credit: Formula E