Lowe was recently placed on ‘gardening leave’ by McLaren, ending his 19-year
association with the Woking-based team, with his last few years in the role
of technical director.
Upon his appointment Wolff promised he would take his time to address the
situation within the company, with Fry’s exit now imminent.
Fry has spent the last 11 years in F1 with the team in its various guises,
initially as BAR and then Honda before the latter chose to quit the sport in
2008.
The 56-year-old, alongside current team principal Ross Brawn, then played a
key role in resurrecting the team’s fortunes in 2009.
As Brawn GP, the team won the constructors’ and drivers’ titles that year with
Jenson Button at the helm, prompting a Mercedes buy-out as Brawn and Fry
sold their shares, but retained their roles.
It is believed Fry will stay close to Mercedes on a consultancy basis, whilst
the position of chief executive will effectively be retired.