Mercedes motorsport director Norbert Haug is to leave the company and its Formula One team at the end of the year, the team said on Thursday.

In a statement Mercedes said that his contract had come to an end by mutual agreement.

The 60-year-old German led the motorsport division of the car manufacturer since 1990, overseeing their involvement in -- amongst other things -- F1.

“Norbert Haug was the face of the Mercedes-Benz Motorsport programme for more than 20 years. For me, he put his stamp on a whole era and, as a highlight, he was responsible for the successful comeback of the Silver Arrows to Formula One.

“I would like to thank Norbert for his extraordinary commitment to the three-pointed star,” said Dr. Dieter Zetsche, Head of Mercedes-Benz Cars and CEO of Daimler AG.

Haug thanked the company for their trust and said that there had not been a single moment without passion in the 22 years. “Since 1991, we had tremendous achievements and wins, for which I want to thank all of my colleagues.

“Unfortunately, with one victory in 2012 since founding our own Formula One works team in 2010, we couldn’t fulfil our own expectations. However, we have taken the right steps to be successful in the future. Our team and our drivers will do everything to achieve these goals,” he said.